NoAgentList RatingHow are grades calculated?

1view

$380,000

6245 Alpha Road, Dallas, TX, 75240

$494,000 ARV

Off Market

3 Beds

3 Bath

2,800 Sq Ft

Single Family Residence

$135.71 / sqft

Built in 1960

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private Pool

Lot Size15,995 sqft

Building Information

Year Built1960

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000731488000000

Lot Number17

SubdivisionNorthwood Terrace

Land UseResidential

Legal DescriptionNORTHWOOD TERRACE BLK C/7419 LT 17 HUGHES LN & ALPHA RD INT201900202874 DD08022019 CO-DC 7419 00C 01700 3007419 00C

Census Tract013608

Assessed Land Value$383,880

Assessed Improvement Value$166,470

Assessment Year2025

About this property

INVESTOR SPECIAL!!! Having great bones this home is the perfect one to renovate. With almost 3,000 SF, this 3 bedroom, 2.5 bath is a must see. Priced well below market and tax appraised value this is a unique opportunity to get into this highly sought after north Dallas area. Features include brand new roof and gutters, pool, extra large kitchen with breakfast nook, built-in cabinets in living room, fire place, a master bedroom that opens to the pool area, 8' privacy fencing. Blocks from Northwood County Club. With a little TLC this house is a steal. Estate sale July 12-13 from 8:30-4:00 and July 14th from 11:00-4:00.

Investor Tools

$664,000

Estimated Property Value

$0Estimated Mortgage Balance

$205,686Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$494,000

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,984 /month

Positive

Cash Flow Estimate:

$1,328 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$944/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,011

$550,350

2025

$383,880

$166,470

$550,350

Tax History

Year

Tax Paid

Assessed Value

2024

$8,011

$550,350

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Better Mortgage Corporation

Conventional

$500,000

First

Dec 28, 2021

Jan 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$458,314

$205,686

30%

69%

$2,998/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$2,998/mo

$-1,433/mo

2.8%

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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