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$1,292,000

NAL Estimated Property Value

6147 Velasco Ave, Dallas, TX, 75214

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$500.87 / sqft
Year BuiltBuilt in 2001

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, Gas Range, Gas Water Heater, Microwave, Double Oven, Plumbed For Ice Maker, Refrigerator
FlooringCeramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Lighting, Outdoor Grill, Private Yard
Lot Size7,250 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000199888000000
Lot Number6
SubdivisionLakewood Heights
Land UseResidential
Legal DescriptionLAKEWOOD HEIGHTS BLK 18/2095 LT 6 INT202200234042 DD08292022 CO-DC 2095 018 00600 1002095 018
Census Tract001102
Assessed Land Value$435,000
Assessed Improvement Value$740,320
Assessment Year2025

About this property

This thoughtfully updated Lakewood Heights stunner is an entertainer’s dream & its floorplan lives large. From the moment you walk into this meticulous home, you are greeted by gorgeous light fixtures, custom interior touches & hardwood floors throughout. This lovely home offers a large primary suite with vaulted ceiling, updated private ensuite bath designed with a beautiful spa bath, walk-in closet plus 2 other bed, bath, separate office, dining, large utility room & 2 car garage. Light & bright chef's kitchen features quartz ctops, SS appliances, custom cabinetry & large island. The home and outdoors are wired with high-end Onkyo sound system with app control. Open family room incl fireplace, TV entertainment system & windows along the back of the house look out to the true jewel of this home. The backyard is an oasis that is to be “experienced.” Beautifully landscaped pool makes you feel like you are at a resort that incl outdoor kitchen with living & eating area, TV & fireplace.

Investor Tools

Property Icon
$1,292,000
Estimated Property Value
$868,687Estimated Mortgage Balance
$423,313Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,752 /month
Positive
Cash Flow Estimate:
$2,584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,230/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,306
$1,175,320
2025
$435,000
$740,320
$1,175,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,306
$1,175,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$920,000
No
First
Aug 29, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$868,687
$423,313
32%
67%
$5,149/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,210/mo
$5,149/mo
$-2,939/mo
2.1%

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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6147 Velasco Ave | Property Details | No Agent List