NoAgentList RatingHow are grades calculated?

6view

Owner Contacts

$1,545,000

NAL Estimated Property Value

2622 Madera St, Dallas, TX, 75206

Off Market

4 Beds

5 Bath

1,085 Sq Ft

Single Family Residence

$506.91 / sqft

Built in 1946

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater

FlooringCeramic Tile, Wood

Exterior

Lot Size6,472 sqft

Building Information

Year Built2023

Stories2

Roof Type106

Garage Spaces2

Land Information

APN00000190831000000

Lot Number6

SubdivisionAlbrights North Henderson Ave

Land UseResidential

Legal DescriptionALBRIGHTS NORTH HENDERSON AVE BLK 3/1974 LT 6 ACS 0.148 INT202500095088 DD05072025 CO-DC 1974 003 00600 1001974 003

Census Tract001002

Assessed Land Value$388,320

Assessed Improvement Value$986,920

Assessment Year2025

About this property

Remarkable opportunity just off Henderson Ave to buy a charming 2 bedroom, 1 bath cottage with studio garage apartment or scrape and build anew. Home is charming, featuring hardwood floors, generous room sizes, cozy kitchen with eat-in bar and much more. Garage apartment currently leased month-to-month, roughly 250 sqft with kitchen. Lot has both a Madera and Bonita (5300) address, offering great possibilities to get creative with new construction.

Investor Tools

$1,545,000

Estimated Property Value

$1,243,792Estimated Mortgage Balance

$301,208Estimated Equity

19% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$9,270 /month

Positive

Cash Flow Estimate:

$3,090 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,502/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$22,296

$1,375,240

2025

$388,320

$986,920

$1,375,240

Tax History

Year

Tax Paid

Assessed Value

2024

$22,296

$1,375,240

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$1,260,000

First

May 7, 2025

Jun 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,243,792

$301,208

19%

81%

$7,354/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,170/mo

$7,354/mo

$-4,184/mo

2.5%

Learn About the Market: Opportunity in Dallas

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 This Area