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$692,000

NAL Estimated Property Value

6046 Penrose Avenue, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,192 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$586.41 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesAwning(s), Private Yard
Lot Size6,480 sqft

Building Information

Year Built1938
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000236737000000
Lot Number18-19
SubdivisionWilshire Park
Land UseResidential
Legal DescriptionWILSHIRE PARK BLK E/2874 PT LTS 18 & 19 INT201900168509 DD06282019 CO-DC 2874 00E 01800 1002874 00E
Census Tract000202
Assessed Land Value$421,200
Assessed Improvement Value$201,510
Assessment Year2025

About this property

Rare dual-living opportunity tucked beneath mature trees near Lower Greenville & M Streets adjacent! This charming property features a light-filled 2-bedroom, 1 bathroom main cottage (approx. 1,192 sq. ft.) and a private 1-bedroom, 1-bathroom guest apartment (approx. 600 sq. ft.) situated above the detached 2-car garage—perfect for an income-producing rental, a quiet home office, or a separate guest suite. Inside the main home, timeless character shines with a cozy fireplace and a recently updated kitchen designed for effortless everyday living and entertaining. The flow continues outside to a spacious backyard and covered patio, offering a peaceful retreat in one of the city's most central and accessible locations, just minutes from local dining and shops. With this level of flexibility and charm in a premier location, this home is a must-see in person!

Investor Tools

Property Icon
$692,000
Estimated Property Value
$329,178Estimated Mortgage Balance
$362,822Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,148/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,315
$622,710
2025
$421,200
$201,510
$622,710
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,315
$622,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$382,500
No
First
Jun 28, 2019
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,178
$362,822
52%
48%
$2,294/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$2,294/mo
$-364/mo
3.3%

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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6046 Penrose Avenue | Property Details | No Agent List