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$315,000

2305 Lockhart Ave, Dallas, TX, 75228

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.88 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone

Exterior

Lot Size8,833 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000710656000000
Lot Number1
SubdivisionCloverdale No 1
Land UseResidential
Legal DescriptionCLOVERDALE NO 1 BLK 2/7306 LT 1 LOCKHART & RUSTOWN INT202300229950 DD11072023 CO-DC 7306 002 00100 3007306 002
Census Tract012301
Assessed Land Value$51,000
Assessed Improvement Value$278,060
Assessment Year2025

About this property

Investor Special – Value-Add Opportunity in East Dallas! Unlock the potential of this East Dallas gem! Whether you're an investor searching for your next buy-and-hold property, a renovator looking for a project with major improvements already completed, or a first-time buyer eager to build equity, this property offers an incredible opportunity. Much of the heavy lifting has already been done, with significant updates including foundation work, plumbing, and HVAC improvements. The remaining work primarily consists of kitchen completion, landscaping, and minor cosmetic finishes, allowing the next owner to add their personal touch and maximize the property's potential. Situated on a generous lot in an established East Dallas neighborhood, this home is conveniently located just minutes from White Rock Lake, Casa Linda, shopping, dining, parks, schools, and major highways including I-635, providing easy access to Downtown Dallas and surrounding areas. The location offers a blend of convenience, accessibility, and ongoing neighborhood revitalization. Whether your goal is to create your dream home, renovate and hold as an investment, or complete the project and add it to your portfolio, the possibilities here are endless. Opportunities like this—where many of the major systems have already been addressed—don't come around often. Bring your vision, creativity, and finishing touches to transform this property into something truly special! Buyer and Buyer's Agent to independently verify all information. Certain images have been digitally enhanced and or AI-generated to showcase possible design concepts and finishes. Buyers should verify the property's current condition during their inspection.

Investor Tools

$234,043Estimated Mortgage Balance
$95,017Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,974 /month
Positive
Cash Flow Estimate:
$658 /month

Interested in this property?

Esther Oppong

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$684/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,568
$329,060
2025
$51,000
$278,060
$329,060
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,568
$329,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zeus Mortgage Ltd
Purchase Money Mortgage
$245,990
No
First
Nov 7, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,043
$95,017
28%
71%
$1,475/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,475/mo
+$497/mo
7.2%

Learn About the Market: Opportunity in Dallas

Local Market Pages
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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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