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$506,000

NAL Estimated Property Value

405 Bobbie Street, Dallas, TX, 75203

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,370 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.52 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave

Exterior

Lot Size4,032 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces1

Land Information

APN00000762547000000
Lot Number23
SubdivisionMeadowmere No.3
Land UseResidential
Legal DescriptionMEADOWMERE NO.3 BLK 6/7679 LT 23 INT202500107438 DD05212025 CO-DC 7679 006 02300 2007679 006
Census Tract021000
Assessed Land Value$95,000
Assessed Improvement Value$211,140
Assessment Year2025

About this property

This exceptional 3-bedroom, 2.5-bath residence spans 2,370 square feet and seamlessly blends modern sophistication with everyday comfort. Nestled in a prime Dallas location just minutes from downtown, premier shopping, and dining, it offers the perfect balance of convenience and affordability. Step inside to soaring 20-foot ceilings, an elegant electric fireplace, and floor-to-ceiling windows that bathe the home in natural light. The open-concept kitchen features a striking quartz waterfall island, facing a galore of windows, refined for entertaining. The first-floor primary suite provides 15-foot ceilings, centered by a modern lighting fixture. Indulge in the luxurious walk-in shower with dual rain showerheads, a freestanding soaking tub, a sleek recessed LED mirror, and a large walk-in closet tailored for both style and functionality. With sophisticated finishes and unbeatable access to the city’s best amenities, this home is a rare blend of luxury and location.

Investor Tools

Property Icon
$506,000
Estimated Property Value
$338,925Estimated Mortgage Balance
$167,075Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,012
$306,140
2025
$95,000
$211,140
$306,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,012
$306,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Bank
Open End Mortgage / Open End With Future Advance Clause
$345,000
No
First
May 21, 2025
May 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$338,925
$167,075
33%
67%
$2,069/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,069/mo
$-97/mo
4.7%

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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405 Bobbie Street | Property Details | No Agent List