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$262,000

2823 Mcdermott Ave, Dallas, TX, 75215

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,358 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.73 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Refrigerator

Exterior

Lot Size10,125 sqft

Building Information

Year Built1925
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000189874000000
Lot Number20
SubdivisionOakland Ave
Land UseResidential
Legal DescriptionHAVANA BLK A/1969 LT 20 ACS 0.23 459.5'FR HAVANA INT202300062378 DD03292023 CO-DC 1969 00A 02000 1001969 00A
Census Tract003700
Assessed Land Value$50,000
Assessed Improvement Value$186,800
Assessment Year2025

About this property

This charming farm house built in 1925 has been given a rebirth! Conveniently located in the Wheatley Ordinance historic district, about 7 minutes from downtown Dallas. The seller has spared no expense in remodeling this home, it was taken back to the studs. This one story historic home is move-in ready with an open concept floor plan has 4 bedrooms, 3 full baths, laundry room and a great backyard to accommodate a growing family. All new roofing, plumbing, electrical, tankless water heater, central heat and air. All new stainless steel appliances and beautiful luxury vinyl flooring. All exterior updates have been approved by the Landmark Commission. Don't miss this opportunity to own a historic home with luxurious modern updates.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$249,917Estimated Mortgage Balance
$12,804Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,733 /month
Positive
Cash Flow Estimate:
$578 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$448/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,070
$236,800
2025
$50,000
$186,800
$236,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,070
$236,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Fha
$249,917
Yes
First
Mar 16, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,196
$12,804
4%
95%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,499/mo
+$1,073/mo
11.8%

Learn About the Market: Opportunity in Dallas

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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 Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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2823 Mcdermott Ave | Property Details | No Agent List