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$845,000

NAL Estimated Property Value

5821 Velasco Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,768 Sq Ft
price_per_sqft$492.02 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size8,166 sqft

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000183529000000
Lot Number19
SubdivisionBelmont
Land UseResidential
Legal DescriptionBELMONT SUBURBAN BLK 2/1886 LT 19 INT202500014254 DD01212025 CO-DC 1886 002 01900 1001886 002
Census Tract001101
Assessed Land Value$449,130
Assessed Improvement Value$347,680
Assessment Year2025

About this property

Tudor Gem with Modern Updates, Oversized Garage, and Outdoor Oasis in the Heart of the M-Streets Welcome to 5821 Velasco Avenue, where big-city living meets the charm of a cozy neighborhood. Nestled in the heart of the M-Streets, this beautifully updated Tudor-style home offers the perfect blend of character, convenience, and luxury. The home features completely remodeled bathrooms (2023) with sleek, modern finishes and new windows that fill the space with natural light. The charming kitchen is thoughtfully designed with granite countertops, stainless steel appliances, and an efficient layout, making it both functional and stylish. Outside, the backyard is an entertainer's dream, featuring a covered pergola and a huge wood deck—ideal for dining al fresco, hosting gatherings, or simply relaxing by the beautiful swimming pool. The lush landscaping adds a sense of privacy and tranquility, creating a true outdoor oasis. A standout feature of this property is the oversized detached garage, offering ample space for parking, and storage. Don’t miss this rare opportunity to experience M-Streets living at its finest—schedule your private tour today! Located just a short walk from the vibrant restaurants, bars, and shops along Greenville and Henderson Avenues, you’ll enjoy the best of Dallas living. Plus, it’s zoned to the highly regarded Geneva Heights Elementary. Refrigerator included. Furniture is negotiable.

Investor Tools

Property Icon
$845,000
Estimated Property Value
$628,289Estimated Mortgage Balance
$216,711Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,219 /month
Positive
Cash Flow Estimate:
$1,740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,987
$796,810
2025
$449,130
$347,680
$796,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,987
$796,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$643,500
No
First
Jan 21, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$628,289
$216,711
25%
74%
$3,859/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$3,859/mo
$-1,429/mo
3.5%

City: Dallas