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$589,000

NAL Estimated Property Value

5114 Alcott St, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths985 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$604.06 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Lot Size6,750 sqft

Building Information

Year Built1940
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000192679000000
Lot Number4
SubdivisionCochran Heights
Land UseResidential
Legal DescriptionCOCHRAN HEIGHTS BLK C/1997 LT 4 VOL2004211/1748 DD10212004 CO-DC 1997 00C 00400 1001997 00C
Census Tract000901
Assessed Land Value$337,500
Assessed Improvement Value$101,730
Assessment Year2025

About this property

Tucked nicely in the middle of the Cochran Heights neighborhood of east Dallas, this is a GREAT opportunity for: ***1. A new home build site. ***2. A renovation expansion to make it a newer, larger home. ***3. An upgrade remodel to turn this into a quintessential east Dallas Tudor. The opportunity is greatly enhanced since there is 20' x 29' garage that was professionally build in 2013. It easily accommodates 2 cars and has room for a 10' x 20' workshop, that could be walled off and made into an office or studio, whilst retaining the 2-car garage space. So, when building a 2 story home, you could store your materials in the garage. Then when complete, and if planned correctly, one could possibly add a 2nd story on top of the garage for additional space. And since the garage was built 5' from the rear & side setbacks according to the forms survey (see documents online), this could possibly allow for the 2nd story. This would need permitting and approvals from the city - this listing is not intended as a guarantee for said garage expansion. The home is being sold as-is and seller does not intend on clearing out the house after closing. The home is priced in its current condition, at lot value. Seller is NOT looking for wholesalers looking to tie up the property at reduced prices.

Investor Tools

Property Icon
$589,000
Estimated Property Value
$0Estimated Mortgage Balance
$589,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$833/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,054
$439,230
2025
$337,500
$101,730
$439,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,054
$439,230

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$589,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
N/A
+$2,430/mo
5.0%

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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5114 Alcott St | Property Details | No Agent List