B+

NoAgentList RatingHow are grades calculated?

2view

$300,000

627 Delaware St, Dallas, TX, 75208

Off Market

2 Beds

1 Bath

970 Sq Ft

Single Family Residence

$309.28 / sqft

Built in 1924

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating Gas

Cooling

AppliancesDisposal

Exterior

Lot Size7,528 sqft

Building Information

Year Built1924

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000275674000000

Lot Number8

SubdivisionRuthmede Place

Land UseResidential

Legal DescriptionRUTHMEDE PLACE BLK 3/3507 LT 8 INT202400239444 DD11222024 CO-DC 3507 003 00800 2003507 003

Census Tract005000

Assessed Land Value$200,000

Assessed Improvement Value$72,620

Assessment Year2025

About this property

Investor Special located in the Historic Bishop Arts District. Welcome to this charming 2-bedroom, 1-bathroom home located in the heart of the historic Bishop Arts District. This property offers a cozy 970 square feet of living space, nestled on almost a firth of an acre lot. There is detached garage in the back as well with a new motor installed. Roof and Electrical panel have been replaced recently as well. Situated in the vibrant Bishop Arts District, you'll be just steps away from a plethora of restaurants, cafes, and shops, providing excellent walkability and a lively community atmosphere. Don't miss out on this fantastic opportunity to own a piece of the Bishop Arts District, perfect for investors looking to capitalize on a property in a prime location!

Investor Tools

$272,620

Estimated Property Value

$220,000Estimated Mortgage Balance

$58,490Estimated Equity

19% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,800 /month

Positive

Cash Flow Estimate:

$600 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$445/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$272,620

2025

$200,000

$72,620

$272,620

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$272,620

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nexa Mortgage Llc

Conventional

$220,000

First

Nov 22, 2024

Dec 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$214,130

$58,490

21%

79%

$1,320/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,320/mo

+$245/mo

6.9%

Learn About the Market: Opportunity in Dallas

Explore

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.

Explore This Area