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B+

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1view

$950,000

5637 Richmond Ave, Dallas, TX, 75206

Off Market

3 Beds

2 Bath

2,043 Sq Ft

Single Family Residence

$371.51 / sqft

Built in 1920

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Range

FlooringHardwood

Exterior

Lot Size9,060 sqft

Building Information

Year Built1920

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000198034000000

Lot Number13

SubdivisionCaruth Place

Land UseResidential

Legal DescriptionCARUTH PLACE LOT 13 RICHMOND INT201900089685 DD04092019 CO-DC 2072 008 01300 1002072 008

Census Tract001002

Assessed Land Value$543,600

Assessed Improvement Value$166,100

Assessment Year2025

About this property

Beautifully Updated And Maintained 3 BDRM, 2 BA 1920 Craftsman Style Home In East Dallas! Walk Down The Street To All The Great Restaurants, Stores & Shopping in Lowest Greenville Avenue! Great Back Yard! Spacious Rooms! Bathed in Natural Light W 9 Foot Ceilings, Moldings, Spacious Rooms & Good Storage & Closet Space! Original Hardwood Floors, Built-Ins, French Doors & Chandeliers. Fabulous KT Has Granite Countertops, Stainless Steel Appliances, Extensive Cabinetry, & Open Shelving. Wonderful Primary Suite Has Remodeled Bath With Tub-Shower. Two Secondary Bedrooms Share Full Bath. Foam Insulation. Large Covered Front Porch! Large Back Yard For Garage If Desired. Incredible Opportunity to Be Walking Distance To The Best That Greenville Avenue Has To Offer! Convenient To Downtown and White Rock Lake! Buyer Backed Out Of Contract Two Days Before Closing. No Fault of House!

Investor Tools

$950,000

Estimated Property Value

$385,560Estimated Mortgage Balance

$601,948Estimated Equity

59% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,700 /month

Positive

Cash Flow Estimate:

$1,900 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,293/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,766

$709,700

2025

$543,600

$166,100

$709,700

Tax History

Year

Tax Paid

Assessed Value

2024

$10,766

$709,700

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Better Mortgage Corporation

Conventional

$385,560

First

Apr 9, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$348,052

$601,948

63%

37%

$2,312/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,430/mo

$2,312/mo

+$118/mo

3.1%

Learn About the Market: Opportunity in Dallas

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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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