7view

Owner Contacts

$1,204,000

NAL Estimated Property Value

6158 Velasco Ave, Dallas, TX, 75214

Off Market

4 Beds

4 Bath

3,119 Sq Ft

$320.6 / sqft

Built in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Double Oven

FlooringCarpet, Hardwood, Stone

Exterior

Exterior FeaturesPrivate Yard

Lot Size7,250 sqft

Building Information

Year Built2003

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000199864000000

Lot Number32

SubdivisionLakewood Heights

Land UseResidential

Legal DescriptionLAKEWOOD HEIGHTS BLK 15/2094 LOT 32 INT202300019812 DD02012023 CO-DC 2094 015 03200 1002094 015

Census Tract001102

Assessed Land Value$435,000

Assessed Improvement Value$669,820

Assessment Year2025

About this property

Lakewood Hts 4 bed, 3.1 bath home.Enter an open flr plan w high ceilings,&formal dining rm,study&down guest rm w private bath.The living area feat.stone FP&lg window w backyd views.The open kitch has BB,2 ovens,BI micro.,WI pantry,butler’s pantry&spacious breakfast area.1st floor also includes a mud area&half bath.The second flr hosts the master suite&2 secondary bedrms.The master suite is generous&the ensuite bath has 2 sinks,jetted tub,sep. shower&WI closet w BI’s.Secondary bedrms share a FB w sep.vanities.The 2nd floor is completed w a laundry rm.The backyd has a cov.patio w FP,lg grassy area,high fence&auto gate,as well as det.2-car garage.The home addly. has a water filtration system&updated HVAC.

Investor Tools

$1,204,000

Estimated Property Value

$893,414Estimated Mortgage Balance

$310,586Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,224 /month

Positive

Cash Flow Estimate:

$2,408 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,906/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$16,856

$1,104,820

2025

$435,000

$669,820

$1,104,820

Tax History

Year

Tax Paid

Assessed Value

2024

$16,856

$1,104,820

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank And Trust Co Inc

Conventional

$726,200

First

Feb 1, 2023

Mar 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$893,414

$310,586

25%

74%

$5,674/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,880/mo

$5,674/mo

$-2,794/mo

2.9%

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