B+

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Owner Contacts

$840,000

NAL Estimated Property Value

2809 State St, Dallas, TX, 75204

Off Market

3 Beds

4 Bath

2,714 Sq Ft

Condos / Townhouses

$311.35 / sqft

Built in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting

Lot Size1,464 sqft

Building Information

Year Built2003

Stories3

Roof Type105

Garage Spaces2

Land Information

APN000575000L09B0000

Lot Number9B

SubdivisionWorthington Corners

Land UseResidential

Legal DescriptionWORTHINGTON CORNERS BLK L/575 LT 9B INT202200121427 DD04292022 CO-DC 0575 00L 09B00 3DA0575 00L

Census Tract001705

Assessed Land Value$146,400

Assessed Improvement Value$658,600

Assessment Year2025

About this property

End of block 3 story townhome located in the heart of StateThomas. Walking distance to Dallas' best restaurants, nightlife, and downtown. Open floor plan, with recently redone hardwoods, fresh paint, and fresh carpet. Large master bedroom is a dream with a fireplace, beautiful bath, and oversized closet. Updated kitchen has plenty of room for entertaining, and large breakfast room. Kitchen is open to the living, which gives space for a dining area, as well as a seating area in front of the fireplace. With 2 additional bedrooms, there is plenty of space for an office, work out room, or guest room. Must see!

Investor Tools

$840,000

Estimated Property Value

$616,288Estimated Mortgage Balance

$223,712Estimated Equity

26% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,070 /month

Positive

Cash Flow Estimate:

$1,690 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,909/month

$1,395/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,707

$805,000

2025

$146,400

$658,600

$805,000

Tax History

Year

Tax Paid

Assessed Value

2024

$18,707

$805,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Centennial Bank

Conventional

$669,600

First

Apr 29, 2022

May 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$616,288

$223,712

26%

73%

$3,102/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,960/mo

$4,497/mo

$-1,537/mo

4.2%

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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