2view

Owner Contacts

$252,000

NAL Estimated Property Value

2427 Oates Dr, Dallas, TX, 75228

$318,745 ARV

Off Market

3 Beds

2 Bath

1,250 Sq Ft

Single Family Residence

$1.68 / sqft

Built in 1954

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size8,518 sqft

Building Information

Year Built1954

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000709972000000

Lot Number37

SubdivisionPeavy Park

Land UseResidential

Legal DescriptionPEAVY PARK BLK 9/7304 LT 37 INT202200287379 DD10282022 CO-DC 7304 009 03700 3007304 009

Census Tract012502

Assessed Land Value$54,000

Assessed Improvement Value$168,200

Assessment Year2025

About this property

Remodeled modern ranch style home with a large backyard. The city has completely replaced the street in front of the home as more revamping in the area takes place. The home is equipped with waterproof flooring, modern lighting, new energy-efficient windows all around, new roof (installed 2022), new HVAC (installed 2022), and a new full master bathroom. This property qualifies for a 2.5% credit of the loan amount that can go towards closing costs or buy down through Guardian Mortgage’s Community Reinvestment Act. Will convey with dishwasher, microwave and range, but all other appliances are negotiable into the deal. Buyer and buyers agent to verify all info. Seller is a TREC license holder

Investor Tools

$252,000

Estimated Property Value

$206,538Estimated Mortgage Balance

$45,462Estimated Equity

18% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$318,744

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,512 /month

Positive

Cash Flow Estimate:

$504 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$548/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,316

$222,200

2025

$54,000

$168,200

$222,200

Tax History

Year

Tax Paid

Assessed Value

2024

$5,316

$222,200

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Loandepot.Com Llc

Conventional

$221,250

First

Oct 28, 2022

Nov 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$206,538

$45,462

18%

82%

$1,327/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,327/mo

+$645/mo

9.4%

Learn About the Market: Opportunity in Dallas

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