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Owner Contacts

$176,760

NAL Estimated Property Value

2670 Locust Avenue, Dallas, TX, 75216

Off Market

3 Beds

1 Bath

948 Sq Ft

Single Family Residence

$174.05 / sqft

Built in 1951

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating Central

Cooling

AppliancesGas Range

FlooringLaminate, Wood

Exterior

Lot Size7,472 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Land Information

APN00000508204000000

Lot Number6

SubdivisionSouthgate 3

Land UseResidential

Legal DescriptionSOUTHGATE 3 BLK 10/6082 LT 6 INT202200066653 DD03042022 CO-DC 6082 010 00600 2006082 010

Census Tract008703

Assessed Land Value$80,000

Assessed Improvement Value$96,760

Assessment Year2025

About this property

Owner finance. Perfect for a family looking for the opportunity to own a home, close proximity to highways, 3 beds, 1bath, wood floors through the house, no carpet. Large fenced yard. For sell as is, seller will not make cosmetic repairs. Also ideal for absentee investor looking to expend the portfolio, tenant and property manager in place. Close proximity to downtown Dallas. 4 other properties for sale by the same owner. Cash is welcome too. All information deemed reliable but not guaranteed, buyers agent and buyer to verify all listing details and measurements.

Investor Tools

$176,760

Estimated Property Value

$11,858Estimated Mortgage Balance

$164,902Estimated Equity

93% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,061 /month

Positive

Cash Flow Estimate:

$354 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$399/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,905

$176,760

2025

$80,000

$96,760

$176,760

Tax History

Year

Tax Paid

Assessed Value

2024

$3,905

$176,760

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Capital Plus Inc

Seller Carryback / Seller Financing / Seller Take-Back

$49,500

First

Dec 11, 2000

Dec 2015

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$11,858

$164,902

93%

$297/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$297/mo

+$1,675/mo

13.4%

Learn About the Market: Opportunity in Dallas

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