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$776,000

NAL Estimated Property Value

5823 Prospect Avenue, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,572 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$365.78 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Lot Size9,393 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000184663000000
Lot Number19
SubdivisionBelmont
Land UseResidential
Legal DescriptionBELMONT SUBURBAN BLK 23/1903 LT 19 INT202000331925 DD11242020 CO-DC 1903 023 01900 1001903 023
Census Tract001101
Assessed Land Value$516,620
Assessed Improvement Value$168,380
Assessment Year2025

About this property

Adorable 1926 Craftsman Style Home located in Lowest Greenville. Three Bedrooms, 2 Full Baths, 2 Living Areas, Separate Laundry Room, Two Car 400 Sq Ft. Garage was recently converted into a Studio-Office-Living Space with AC, Heat, Lighting & Flooring, can be easily converted back to a Garage. Located on a Large Lot with Ample Parking or Backyard Space. New Roof, Full Yard Sprinkler System, Secondary Bath and Laundry Room, Great Floorplan, Lots of Craftsman Charm still remain in this home. Walk to Trader Joes, Lower Greenville Dining, with Easy Access to Downtown & Central Expressway.

Investor Tools

Property Icon
$776,000
Estimated Property Value
$400,437Estimated Mortgage Balance
$375,563Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,656 /month
Positive
Cash Flow Estimate:
$1,552 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,631
$685,000
2025
$516,620
$168,380
$685,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,631
$685,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$448,000
No
First
Nov 24, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$400,437
$375,563
48%
52%
$2,686/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$2,686/mo
$-256/mo
3.8%

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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5823 Prospect Avenue | Property Details | No Agent List