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Owner Contacts

$269,000

NAL Estimated Property Value

2504 Mike Street, Dallas, TX, 75212

Off Market

3 Beds

2 Bath

1,550 Sq Ft

Single Family Residence

$138.71 / sqft

Built in 1971

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Heating Central

Cooling

AppliancesElectric Range

FlooringCombination

Exterior

Lot Size9,960 sqft

Building Information

Year Built1971

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000697441000000

Lot Number20

SubdivisionJoe Irwin No 6a

Land UseResidential

Legal DescriptionJOE IRWIN NO 6A BLK H/7172 LT 20 INT202200251923 DD09192022 CO-DC 7172 00H 02000 1007172 00H

Census Tract010602

Assessed Land Value$135,000

Assessed Improvement Value$61,800

Assessment Year2025

About this property

Cash or conventional financing only. Home has had some updates, still in need of some repair. Come and take a look at this great opportunity. As-Is sale.

Investor Tools

$269,000

Estimated Property Value

$206,810Estimated Mortgage Balance

$62,190Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,614 /month

Positive

Cash Flow Estimate:

$538 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$356/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,932

$196,800

2025

$135,000

$61,800

$196,800

Tax History

Year

Tax Paid

Assessed Value

2024

$2,932

$196,800

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Town Square Mortgage & Investments Inc

Conventional

$213,400

First

Sep 19, 2022

Oct 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$206,810

$62,190

23%

77%

$1,332/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,332/mo

+$640/mo

8.8%

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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