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$279,690

NAL Estimated Property Value

3940 Ramona Ave, Dallas, TX, 75216

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,012 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.1 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave

Exterior

Lot Size13,504 sqft

Building Information

Year Built1975
Stories1
Roof Type105

Land Information

APN00000315837000100
Lot NumberC
Land UseResidential
Legal DescriptionKAVANAGH BLK 4311 LT C ACS 0.31 INT202400073308 DD04112024 CO-DC 4311 011 00C00 2DA4311 011
Census Tract005700
Assessed Land Value$80,000
Assessed Improvement Value$199,690
Assessment Year2025

About this property

Discover the epitome of modern elegance in this fully renovated residence situated on an expansive lot, offering a perfect blend of sophistication and functionality. Every detail of the main house has been meticulously crafted, showcasing contemporary design and upscale finishes throughout. The property's allure is elevated by a substantial attached unit, exuding its own charm and equipped with amenities ideal for rental opportunities. The large additional unit, with a separate entrance, provides both flexibility and potential income, making it a valuable asset. Embrace the luxuriously renovated main home and capitalize on the investment potential of the attached unit, creating a haven of style and financial opportunity in one unparalleled property.

Investor Tools

Property Icon
$279,690
Estimated Property Value
$261,416Estimated Mortgage Balance
$18,274Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$749/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,588
$279,690
2025
$80,000
$199,690
$279,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,588
$279,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$271,600
No
First
Apr 11, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,416
$18,274
6%
93%
$1,629/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,629/mo
+$943/mo
11.0%

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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3940 Ramona Ave | Property Details | No Agent List