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Owner Contacts

$940,720

NAL Estimated Property Value

6234 Prospect Ave, Dallas, TX, 75214

Off Market

2 Beds

2 Bath

2,295 Sq Ft

Single Family Residence

$346.41 / sqft

Built in 1951

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Refrigerator, Wine Cooler

FlooringCeramic Tile, Wood

Exterior

Private Pool

Lot Size15,040 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000207202000000

Lot Number7

SubdivisionEdgemont Park

Land UseResidential

Legal DescriptionEDGEMONT PARK BLK 1/2230 LOT 7 PROSPECT & EMPIRE DR INT202100321421 DD10252021 CO-DC 2230 001 00700 1002230 001

Census Tract001102

Assessed Land Value$631,680

Assessed Improvement Value$309,040

Assessment Year2025

About this property

Premier East Dallas location. This beautiful 1-story Austin stone, built in 1951 with 2295 SF has 2 BR, 2 BAs & 2 living areas on large .345 acre corner lot with sparkling pool & 2–car detached garage. Inside: spacious rooms with rich hardwoods, updated windows, decorative FP between living & dining rooms overlooking covered patio & pool. Updated kitchen has granite counters, island with gas cooktop & separate oven, under cabinet lighting, glass backsplash, stainless steel appliances, walk-in pantry & laundry. The large primary suite has walk-in shower, accent tiles, quartzite counters & 2 sinks. BR 2 with en-suite bath. Spacious study with built-in shelves is perfect for home office or would make a great den.

Investor Tools

$940,720

Estimated Property Value

$570,741Estimated Mortgage Balance

$369,979Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,644 /month

Positive

Cash Flow Estimate:

$1,881 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,553/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,930

$940,720

2025

$631,680

$309,040

$940,720

Tax History

Year

Tax Paid

Assessed Value

2024

$13,930

$940,720

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Plaza Home Mortgage Inc

Conventional

$625,000

First

Oct 25, 2021

Nov 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$570,741

$369,979

39%

61%

$3,748/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,750/mo

$3,748/mo

$-1,998/mo

2.2%

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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