B+

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Owner Contacts

$450,000

5109 Parkland Ave, Dallas, TX, 75235

Off Market

3 Beds

2 Bath

1,786 Sq Ft

Single Family Residence

$251.96 / sqft

Built in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Plumbed For Ice Maker, Vented Exhaust Fan, Tankless Water Heater

FlooringCeramic Tile, Stone, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size7,414 sqft

Building Information

Year Built1925

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000211693000000

Lot Number8

SubdivisionOak Lawn Heights

Land UseResidential

Legal DescriptionOAK LAWN HEIGHTS BLK N/2329 LT 8 INT202200091793 DD03312022 CO-DC 2329 00N 00800 1002329 00N

Census Tract000407

Assessed Land Value$300,000

Assessed Improvement Value$156,450

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. Please submit all offer by 8:00pm Feb 28th to be considered. Come to see this adorable and completely remodeled home in Oak Lawn Heights! Located minutes from Parkland and UT Southwestern Hospitals and a short drive to Uptown and Downtown. The open layout home boasts, refinished original red oak floors, with a fully updated kitchen. Other updates include cabinets, quartz countertops, and stainless steel appliances. The master suite bath has been updated with a frameless shower and custom vanity. Additional updates include; Roof April 2018, Asphalt Driveway May 2018, Foundation Aug 2018 and 2020. 2016 Tankless HWH.

Investor Tools

$530,000

Estimated Property Value

$200,000Estimated Mortgage Balance

$345,650Estimated Equity

62% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,180 /month

Positive

Cash Flow Estimate:

$1,060 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$755/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,412

$456,450

2025

$300,000

$156,450

$456,450

Tax History

Year

Tax Paid

Assessed Value

2024

$6,412

$456,450

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Midwest Mortgage Associates Corp

Conventional

$200,000

First

Mar 31, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$184,350

$345,650

65%

35%

$1,200/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,140/mo

$1,200/mo

+$940/mo

4.8%

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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