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Owner Contacts

$918,000

NAL Estimated Property Value

5008 Homer St, Dallas, TX, 75206

Off Market

4 Beds

2 Bath

2,652 Sq Ft

$225.11 / sqft

Built in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker, Refrigerator, Gas Water Heater

FlooringStone, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting

Lot Size6,795 sqft

Building Information

Year Built1940

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000193003000000

Lot Number3

SubdivisionAlcott Fitzhugh Heights

Land UseResidential

Legal DescriptionALCOTT FITZHUGH HEIGHTS BLK B/1998 LT 3 INT201900337798 DD12132019 CO-DC 1998 00B 00300 3DA1998 00B

Census Tract000901

Assessed Land Value$339,750

Assessed Improvement Value$410,250

Assessment Year2025

About this property

This home is located in the HEART of Dallas! Just minutes from Downtown. Walking distance to restaurants & shops in the Knox, Henderson Streets area. Completely remodeled from Foundation to roof in 2008. Single family home with 2nd kitchen, living & dining rooms. Currently leasing short term rental for downstairs at $910 weekly. Hardwoods throughout on both levels, granite counter tops, tumbled marble in the kitchens & baths, all natural stone, no ceramic tile. Low E glass windows, SEER 15 Cooling, gas & electric heat pump heating. Security system is prepaid for 2 years. AC & heating with about 70% of lighting that is smart home controlled. All furniture on both levels is negotiable.

Investor Tools

$918,000

Estimated Property Value

$389,210Estimated Mortgage Balance

$528,790Estimated Equity

57% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,508 /month

Positive

Cash Flow Estimate:

$1,836 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,353/month

$10/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,649

$750,000

2025

$339,750

$410,250

$750,000

Tax History

Year

Tax Paid

Assessed Value

2024

$11,649

$750,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cornerstone Home Lending Inc

Conventional

$427,020

First

Sep 13, 2021

Oct 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$389,210

$528,790

57%

42%

$2,561/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,170/mo

$2,571/mo

+$599/mo

4.1%

Learn About the Market: Opportunity in Dallas

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