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$162,980

3139 Michigan Ave, Dallas, TX, 75216

Off Market

3 Beds

1 Bath

1,140 Sq Ft

Single Family Residence

$78.86 / sqft

Built in 1946

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating Floor/Wall

Cooling

AppliancesNone

Exterior

Lot Size7,271 sqft

Building Information

Year Built1946

Stories1

Roof Type105

Land Information

APN00000476386000000

Lot Number20

SubdivisionBelmar Addition

Land UseResidential

Legal DescriptionBELMAR BLK 5/5995 LT 20 VOL2003198/5278 DD071098 CO-DC 5995 005 02000 4DA5995 005

Census Tract005902

Assessed Land Value$80,000

Assessed Improvement Value$82,980

Assessment Year2025

About this property

Great investment opportunity in 75216! 3 bedroom, 1 bath. Home needs extensive repairs and is priced to sell AS IS! Easy access to major freeways. Hurry this Property wont last long. Buyer to verify all rooms dimensions, schools and taxes.Multiple offers received highest and best due 10.13 at 1 pm CST.

Investor Tools

$162,980

Estimated Property Value

$29,000Estimated Mortgage Balance

$159,537Estimated Equity

82% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$978 /month

Positive

Cash Flow Estimate:

$326 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$266/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$162,980

2025

$80,000

$82,980

$162,980

No

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$162,980

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Kenneth I Rambo

Seller Carryback / Seller Financing / Seller Take-Back

$29,000

No

First

Jul 10, 1998

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$3,443

$159,537

97%

2%

$174/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$174/mo

+$1,798/mo

14.5%

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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