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Owner Contacts

$1,100,000

6123 Prospect Ave, Dallas, TX, 75214

Off Market

4 Beds

4 Bath

3,218 Sq Ft

Single Family Residence

$341.83 / sqft

Built in 1931

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Vented Exhaust Fan

FlooringWood

Exterior

Exterior FeaturesRain Gutters

Lot Size9,350 sqft

Building Information

Year Built1931

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000199981000000

Lot Number4

SubdivisionEdgemont Park

Land UseResidential

Legal DescriptionEDGEMONT PARK BLK 2/2096 5' LT 3 & 50' LT 4 INT202500038164 DD02252025 CO-DC 2096 002 00400 1002096 002

Census Tract001102

Assessed Land Value$504,900

Assessed Improvement Value$555,100

Assessment Year2025

About this property

Discover unparalleled charm in Lakewood. This enchanting Tudor-style home offers over 3200 square feet of updated and luxurious living space, featuring 4 spacious bedrooms and 4 newly remodeled bathrooms. Located in the heart of Dallas, this gem is priced below DCAD assessed value. The primary bedroom is conveniently situated downstairs. Nestled on almost a quarter acre lot, this property boasts timeless charm and modern amenities. The recently-remodeled chef’s kitchen is equipped with top of the line appliances, perfect for culinary enthusiasts. Upstairs, you’ll find three oversized bedrooms, a large game room or media room which is ideal for entertainment and relaxation. With its blend of historic allure and contemporary comfort, this home is a rare find in a prime, walkable location.

Investor Tools

$1,111,000

Estimated Property Value

$793,800Estimated Mortgage Balance

$319,491Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,666 /month

Positive

Cash Flow Estimate:

$2,222 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,868/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$16,864

$1,060,000

2025

$504,900

$555,100

$1,060,000

Tax History

Year

Tax Paid

Assessed Value

2024

$16,864

$1,060,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Newrez Llc

Conventional

$793,800

First

Mar 3, 2026

Apr 2041

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$791,509

$319,491

28%

71%

$4,760/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,880/mo

$4,760/mo

$-1,880/mo

3.1%

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.

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