Street View

1view

$1,051,020

621 Melba Street, Dallas, TX, 75208

Off Market

3 Beds

4 Bath

1,765 Sq Ft

Single Family Residence

$296.88 / sqft

Built in 2024

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 4

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Tankless Water Heater

FlooringTile, Vinyl

Exterior

Lot Size5,928 sqft

Building Information

Year Built2024

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000257848000000

Lot Number5

SubdivisionDallas Land And Loan 3

Land UseResidential

Legal DescriptionDALLAS LAND AND LOAN 3 BLK 149/3208 LT 5 INT202400066867 DD03292024 CO-DC 3208 149 00500 2003208 149

Census Tract004700

Assessed Land Value$237,120

Assessed Improvement Value$813,900

Assessment Year2025

About this property

Prime investment opportunity at 621-623 Melba St, Dallas, TX! This half duplex offers excellent rental income potential in the heart of the vibrant Bishop Arts District. Steps from boutique shops, top dining, and lively nightlife, this property is ideal for attracting tenants or owner-occupants. Don't miss out on owning in one of Dallas’ most desirable areas! Schedule your showing today!

Investor Tools

$1,051,020

Estimated Property Value

$0Estimated Mortgage Balance

$0Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,306 /month

Positive

Cash Flow Estimate:

$2,102 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,211/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,274

$1,051,020

2025

$237,120

$813,900

$1,051,020

Tax History

Year

Tax Paid

Assessed Value

2024

$9,274

$1,051,020

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Loan Ranger Capital Investments Teit Llc

Commercial

$1,359,000

First

Mar 29, 2024

Apr 2025

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,305,912

N/A

124%

$8,148/mo

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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