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$629,000

6018 Prospect Ave, Dallas, TX, 75206

Under ContractInfo
Beds2 Beds
Baths1 Bath
Baths1,408 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$446.73 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size6,628 sqft

Building Information

Year Built1925
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000185452000000
Lot Number5
SubdivisionBelmont
Land UseResidential
Legal DescriptionBELMONT SUBURBAN BLK 26/1915 LT 5 INT201100305597 DD11182011 CO-DC 1915 026 00500 1001915 026
Census Tract001101
Assessed Land Value$291,630
Assessed Improvement Value$147,860
Assessment Year2025

About this property

Charming historic home located near the intersection of Belmont and SKillman Avenue. Craftsman bungalow with two bedrooms, one bath, and the bonus of a second living room uncharacteristic for homes of the period. Gorgeous hardwood floors and crown molding throughout. Fireplace in formal living room. Kitchen has a breakfast bar and laundry closet. Ceiling fans throughout home. Tankless hot water heater installed in 2023. Insulation added in attic in 2024. French doors in the family room open to a deck and generous backyard. Neat and tidy, unattached single car garage. Whether you choose to remodel or build your custom dream home, you'll love this location! Friendly neighborhood is extremely walkable. Just around the corner from Leila Bakery and Kitchen, Stoney's Wine Bar, and numerous other restaurants. Also walkable to Lower Greenville and Lakewood hot spots. Easy walk or bike ride to White Rock Lake. Convenient to Knox Henderson district, Uptown, Downtown and medical district.

Investor Tools

$115,427Estimated Mortgage Balance
$518,029Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,798 /month
Positive
Cash Flow Estimate:
$1,266 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$827/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,763
$439,490
2025
$291,630
$147,860
$439,490
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,763
$439,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Mortgage Co
Conventional
$176,000
No
First
Nov 18, 2011
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,427
$627,573
84%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
N/A
+$1,930/mo
3.7%

Learn About the Market: Opportunity in Dallas

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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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