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B+

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Owner Contacts

$205,000

402 S Garrett Ave, Dallas, TX, 75223

Off Market

2 Beds

1 Bath

931 Sq Ft

Single Family Residence

$1.61 / sqft

Built in 1924

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Gas

Cooling

AppliancesBuilt-In Gas Range, Refrigerator, Gas Water Heater

FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,250 sqft

Building Information

Year Built1924

Stories1

Roof Type105

Land Information

APN00000145588000000

Lot Number7

SubdivisionEast Side

Land UseResidential

Legal DescriptionEAST SIDE BLK 9A/1244 LT 7 INT201900132739 DD05212019 CO-DC 1244 09A 00700 1DA1244 09A

Census Tract002400

Assessed Land Value$125,000

Assessed Improvement Value$75,000

Assessment Year2025

About this property

Located directly along the Sante Fe Trail in East Dallas with downtown skyline views. Minutes from I30, Baylor Medical Cntr, Downtown Dallas, UBER's New Hub & Lakewood's shopping and dining. This craftsman home has been taken down to the studs completely updated. Features all new plumbing, electrical, quartz counters, shaker soft close cabinets, HVAC, double pane windows, water heater, carpet, fixtures, paint interior & exterior. Lease to include new stove, refrigerator, washer and dryer. Will consider pets on a case by case. Exterior of home features front porch, large fenced front and backyard, large pecan tree and new concrete slab for additional rear parking. Yard Maintenance included in the monthly lease.

Investor Tools

$205,000

Estimated Property Value

$122,500Estimated Mortgage Balance

$98,192Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,230 /month

Positive

Cash Flow Estimate:

$410 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$463/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,531

$200,000

2025

$125,000

$75,000

$200,000

Tax History

Year

Tax Paid

Assessed Value

2024

$4,531

$200,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranteed Rate Affinity Llc

Conventional

$122,500

First

Nov 19, 2019

Dec 2034

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$106,808

$98,192

47%

52%

$735/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$735/mo

+$830/mo

9.2%

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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