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Owner Contacts

$494,000

NAL Estimated Property Value

5219 Parkland Ave, Dallas, TX, 75235

Off Market

3 Beds

2 Bath

1,450 Sq Ft

$275.86 / sqft

Built in 1945

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Refrigerator, Gas Water Heater

FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size7,021 sqft

Building Information

Year Built1945

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000211720000000

Lot Number17

SubdivisionOak Lawn Heights

Land UseResidential

Legal DescriptionOAK LAWN HEIGHTS BLK N/2329 LT 17 INT202200074995 DD03162022 CO-DC 2329 00N 01700 2002329 00N

Census Tract000407

Assessed Land Value$300,000

Assessed Improvement Value$99,140

Assessment Year2025

About this property

Charming, well-maintained 1940’s cottage in sought after Oak Lawn Heights. Features include hardwood floors throughout, detailed brick fireplace with marble mantle, double pane windows, large covered front porch, and an oversized detached one-car garage. Galley kitchen has a breakfast bar, white cabinets & appliances and opens to the dining area and a large utility room. Three spacious bedrooms and two baths. Property is nicely landscaped, has a sprinkler system and a wood-fenced backyard. Ideal in-town location close to Medical District, Love Field, DART Rail station, Oak Lawn area & Maple Ave. shops & restaurants. Refrigerator and full-size stacked washer-dryer remain with property.

Investor Tools

$494,000

Estimated Property Value

$350,680Estimated Mortgage Balance

$143,320Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,964 /month

Positive

Cash Flow Estimate:

$988 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$675/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,635

$399,140

2025

$300,000

$99,140

$399,140

Tax History

Year

Tax Paid

Assessed Value

2024

$5,635

$399,140

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First National Bank

Conventional

$380,450

First

Mar 16, 2022

Apr 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$350,680

$143,320

29%

71%

$2,281/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,140/mo

$2,281/mo

$-141/mo

5.2%

Learn About the Market: Opportunity in Dallas

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