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$250,000

2942 Ramsey Ave, Dallas, TX, 75216

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.42 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringLaminate, Tile

Exterior

Lot Size7,523 sqft

Building Information

Year Built1923
Stories1
Roof Type105

Land Information

APN00000304600000000
Lot Number11
SubdivisionFreemont
Land UseResidential
Legal DescriptionFREEMONT BLK 10/4109 LOT 11 INT202300260093 DD12222023 CO-DC 4109 010 01100 2004109 010
Census Tract005600
Assessed Land Value$85,000
Assessed Improvement Value$167,050
Assessment Year2025

About this property

Nestled in the heart of Dallas this beautifully renovated home that seamlessly blends modern comfort with classic charm. Boasting 3 bedrooms and 2 bathrooms, this residence underwent a complete transformation to create a stylish and functional living space. The kitchen is a focal point, featuring sleek stainless steel appliances that not only elevate its aesthetic appeal but also enhance functionality. The open-concept design fosters a seamless flow between living spaces, making it ideal for both day-to-day living and entertaining guests. A standout feature of this property is the expansive backyard space that offers endless possibilities. The thoughtful renovation extends throughout, showcasing attention to detail and a commitment to modern living. Conveniently located, this residence invites you to experience the best of Dallas living in a thoughtfully reimagined home.

Investor Tools

Property Icon
$252,050
Estimated Property Value
$245,471Estimated Mortgage Balance
$0Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,512 /month
Positive
Cash Flow Estimate:
$504 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,581
$252,050
2025
$85,000
$167,050
$252,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,581
$252,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$245,471
Yes
First
Dec 22, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$486,002
N/A
0%
193%
$3,046/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,046/mo
$-1,074/mo
9.4%

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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