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Owner Contacts

$1,094,380

NAL Estimated Property Value

6251 Velasco Ave, Dallas, TX, 75214

Off Market

3 Beds

3 Bath

2,630 Sq Ft

Single Family Residence

$332.7 / sqft

Built in 1931

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater

FlooringCeramic Tile, Marble, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size7,500 sqft

Building Information

Year Built1931

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000199309000000

Lot Number4

SubdivisionLakewood Heights

Land UseResidential

Legal DescriptionLAKEWOOD HEIGHTS BLK 17/2089 LOT 4 INT202200061893 DD03042022 CO-DC 2089 017 00400 1002089 017

Census Tract001102

Assessed Land Value$450,000

Assessed Improvement Value$644,380

Assessment Year2025

About this property

The Best of both worlds! Charming, original Lakewood Heights Tudor with all the modern amenities. Formal lvg & dining lead to open concept kitchen-family with huge walk-in pantry, Kitchen Aid appliances, massive island & gleaming hardwood floors.Full bath and 3rd bd down. Primary bedroom upstairs with stunning spa-like bath and enormous light-filled closet. Lg walk-in closet & ensuite bath in 2nd bd. Pedestrian friendly neighborhood near Tietze Park. Close to Whole Foods, Lakewood shopping, Greenville Ave and White Rock Lake. Minutes to Love Field and downtown Dallas. Addition was 2012.

Investor Tools

$1,094,380

Estimated Property Value

$198,842Estimated Mortgage Balance

$895,538Estimated Equity

81% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,566 /month

Positive

Cash Flow Estimate:

$2,189 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,958/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,025

$1,094,380

2025

$450,000

$644,380

$1,094,380

Tax History

Year

Tax Paid

Assessed Value

2024

$18,025

$1,094,380

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Credit Union Of Texas

Credit Line (Revolving) / Heloc

$200,000

First

Jan 5, 2026

Jan 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$198,842

$895,538

81%

18%

$1,200/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,210/mo

$1,200/mo

+$1,010/mo

2.4%

Learn About the Market: Opportunity in Dallas

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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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