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Owner Contacts

$280,000

NAL Estimated Property Value

2303 Moffatt Avenue, Dallas, TX, 75216

Off Market

3 Beds

2 Bath

1,548 Sq Ft

$124.03 / sqft

Built in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringCeramic Tile, Wood

Exterior

Lot Size6,716 sqft

Building Information

Year Built2020

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000449548000000

Lot Number1

SubdivisionSouthern

Land UseResidential

Legal DescriptionSOUTHERN CREST BLK 5/5851 LT 1 INT202000225446 DD08182020 CO-DC 5851 005 00100 2005851 005

Census Tract008703

Assessed Land Value$80,000

Assessed Improvement Value$200,000

Assessment Year2025

About this property

Fantastic buy on a 3-2-2 new home with all the bells and whistles and on a corner lot. This house is perfect for a big family or a small one who wants plenty of room. The quality is in the details with the three sides brick and a front elevation with a stone trim. Enjoy the open floor plan, granite countertops, wood floors, large shower in the master bathroom. A few blocks away is the DART rail station, the VA Hospital and shopping on Lancaster Ave. House should be complete by early June. Buyer must be an owner-occupant and qualify under current affordable housing guidelines.

Investor Tools

$280,000

Estimated Property Value

$168,361Estimated Mortgage Balance

$111,639Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,680 /month

Positive

Cash Flow Estimate:

$560 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$430/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,761

$280,000

2025

$80,000

$200,000

$280,000

Tax History

Year

Tax Paid

Assessed Value

2024

$3,761

$280,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Fha

$189,504

Yes

First

Aug 18, 2020

Sep 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$168,361

$111,639

39%

60%

$1,137/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,137/mo

+$835/mo

8.5%

Learn About the Market: Opportunity in Dallas

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