6view

Owner Contacts

$209,170

NAL Estimated Property Value

2646 Downing Ave, Dallas, TX, 75216

$240,793 ARV

Off Market

4 Beds

1 Bath

1,628 Sq Ft

$92.14 / sqft

Built in 1957

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 1

Heating Central

Cooling

AppliancesElectric Cooktop, Electric Oven, Vented Exhaust Fan

Exterior

Lot Size7,274 sqft

Building Information

Year Built1957

Stories1

Roof Type105

Land Information

APN00000453277000000

Lot Number11

SubdivisionCedar

Land UseResidential

Legal DescriptionCEDAR CREST HEIGHTS LOT 11 DOWNING 5856D000 011 2005856D000

Census Tract008801

Assessed Land Value$55,000

Assessed Improvement Value$154,170

Assessment Year2025

About this property

Investor Property. Four-bedroom, one-bathroom single-family residence in need of renovation. Repairs required include roof replacement, interior cosmetic updates, bathroom and kitchen renovations, and landscaping. This property is being sold as-is and is suited for investors seeking a project. Closing date will be determined by the court; all offers must reflect “TBD” for closing date upon submission.

Investor Tools

$209,170

Estimated Property Value

$187,906Estimated Mortgage Balance

$21,264Estimated Equity

10% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$240,792

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,255 /month

Positive

Cash Flow Estimate:

$418 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$444/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,282

$209,170

2025

$55,000

$154,170

$209,170

Yes (2021)

Tax History

Year

Tax Paid

Assessed Value

2024

$4,282

$209,170

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Homexpress Mortgage Corp

Conventional

$189,000

First

Jan 30, 2026

Feb 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$187,906

$21,264

10%

90%

$1,134/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,134/mo

+$838/mo

11.3%

Learn About the Market: Opportunity in Dallas

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