Street View

1view

Owner Contacts

$324,999

2642 Michigan Ave, Dallas, TX, 75216

Off Market

4 Beds

2 Bath

1,614 Sq Ft

Single Family Residence

$201.36 / sqft

Built in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Range, Microwave

Exterior

Lot Size7,130 sqft

Building Information

Year Built2020

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000310000000000

Lot Number11

SubdivisionBroadmoor

Land UseResidential

Legal DescriptionBROADMOOR BLK 18/4208 LT 11 INT202400048547 DD03082024 CO-DC 4208 018 01100 2004208 018

Census Tract005600

Assessed Land Value$85,000

Assessed Improvement Value$241,640

Assessment Year2025

Investor Tools

$326,640

Estimated Property Value

$308,625Estimated Mortgage Balance

$30,071Estimated Equity

6% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,960 /month

Positive

Cash Flow Estimate:

$653 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$537/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,811

$326,640

2025

$85,000

$241,640

$326,640

No

Tax History

Year

Tax Paid

Assessed Value

2024

$4,811

$326,640

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guild Mortgage Co

Conventional

$308,625

No

First

Mar 8, 2024

Apr 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$296,569

$30,071

9%

91%

$1,851/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$1,851/mo

+$721/mo

9.4%

Learn About the Market: Opportunity in Dallas

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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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