Street View

B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$279,880

NAL Estimated Property Value

3018 Modella Avenue, Dallas, TX, 75229

Off Market

2 Beds

2 Bath

1,057 Sq Ft

Single Family Residence

$170.29 / sqft

Built in 1982

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Range, Microwave, Refrigerator

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size4,794 sqft

Building Information

Year Built1982

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000606906080100

Lot Number5

Land UseResidential

Legal DescriptionCHAPEL FOREST BLK 3A/6595 W PT LT 5 INT202000183847 DD07132020 CO-DC 6595 03A 00501 1006595 03A

Census Tract009611

Assessed Land Value$65,000

Assessed Improvement Value$214,880

Assessment Year2025

About this property

Adorable Half Duplex in great Northwest Dallas Neighborhood within walking distance to Park & Elementary. This home offers 2 Bedrooms, 2 Full Baths, with Large Open Living Area, Eat-In Kitchen, Breakfast and Wet Bar. Living Area has been added on for additional space, (not included in square footage). Spacious Bedrooms with ample closet and storage space. Open back patio with privacy fence, great for cook-outs, gardening & more. Updates include Wood Flooring, Master Bath Flooring, Hot Water Heater, HVAC and Roof. NO HOA FEES. Easy access to Restaurants, Shopping, Medical City, 75, 635 and 35.

Investor Tools

$279,880

Estimated Property Value

$159,312Estimated Mortgage Balance

$120,568Estimated Equity

43% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,679 /month

Positive

Cash Flow Estimate:

$560 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$405/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,461

$279,880

2025

$65,000

$214,880

$279,880

Tax History

Year

Tax Paid

Assessed Value

2024

$3,461

$279,880

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Supreme Lending

Fha

$179,685

Yes

First

Jul 13, 2020

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$159,312

$120,568

43%

57%

$1,078/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,078/mo

+$487/mo

6.7%

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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