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Owner Contacts

$369,000

NAL Estimated Property Value

2215 Melbourne Avenue, Dallas, TX, 75224

Off Market

3 Beds

2 Bath

1,550 Sq Ft

Single Family Residence

$193.48 / sqft

Built in 1953

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size7,473 sqft

Building Information

Year Built1953

Stories1

Roof Type105

Garage Spaces4

Land Information

APN00000337399000000

Lot Number23

SubdivisionElmwood Add No 4

Land UseResidential

Legal DescriptionELMWOOD NO 4 BLK 5/4758 LT 23 & PT LT 24 ACS 0.177 INT202100037203 DD12212020 CO-DC 4758 005 02300 2004758 005

Census Tract006302

Assessed Land Value$95,000

Assessed Improvement Value$265,100

Assessment Year2025

About this property

Adorable Austin Stone Bungalow with modern updates throughout in Elmwood neighborhood of North Oak Cliff. Home features 2 sizeable living areas; a beautiful kitchen with farm sink, granite counters, stainless appliances and a breakfast bar, 2 updated baths; and a large backyard patio space for your enjoyment. Natural light enters from the large front window and glass sliding doors at the patio, and don't forget about the garage and pergola carport for additional parking! Convenient to area shops, train station, and parks. Well maintained and move-in ready!

Investor Tools

$369,000

Estimated Property Value

$246,733Estimated Mortgage Balance

$122,267Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,214 /month

Positive

Cash Flow Estimate:

$738 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$564/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,921

$360,100

2025

$95,000

$265,100

$360,100

Tax History

Year

Tax Paid

Assessed Value

2024

$4,921

$360,100

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Caliber Home Loans Inc

Fha

$275,488

Yes

First

Dec 21, 2020

Jan 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$246,733

$122,267

33%

67%

$1,652/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,652/mo

+$320/mo

6.4%

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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