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Owner Contacts

$513,000

NAL Estimated Property Value

2824 Cherrywood Ave, Dallas, TX, 75235

Off Market

4 Beds

2 Bath

1,842 Sq Ft

$243.76 / sqft

Built in 1946

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Vented Exhaust Fan

FlooringCeramic Tile, Hardwood

Building Information

Year Built1946

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000427909000000

SubdivisionCherrywood

Land UseResidential

Legal DescriptionCHERRYWOOD BLK B/5704 LOT 6 INT202300034464 DD02232023 CO-DC 5704 00B 00600 1005704 00B

Census Tract000407

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST BY 5:00 PM. ON JANUARY 30, 2023. This beautifully renovated home sits in an established sought after North Dallas neighborhood. The home was taken to the studs with additional square footage added to home. Impressive drive-up with modernized renovations through out. Open concept interior. Newly poured concrete driveway, all new exterior siding with new 30 year roof, all new electrical wiring and plumbing, new central heating and air system, modern cabinets with quartz countertops, new red oak hardwood floors, beautiful custom tile in baths, black stainless steel appliances.

Investor Tools

$513,000

Estimated Property Value

$400,341Estimated Mortgage Balance

$112,659Estimated Equity

21% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,078 /month

Positive

Cash Flow Estimate:

$1,026 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$920/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,474

$501,700

2025

N/A

$501,700

Tax History

Year

Tax Paid

Assessed Value

2024

$8,474

$501,700

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Highlands Residential Mortgage Ltd

Conventional

$425,850

First

Feb 23, 2023

Mar 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$400,341

$112,659

21%

78%

$2,554/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,790/mo

$2,554/mo

+$236/mo

6.5%

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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