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Owner Contacts

$1,269,330

NAL Estimated Property Value

6346 Velasco Ave, Dallas, TX, 75214

Off Market

3 Beds

3 Bath

3,187 Sq Ft

Single Family Residence

$313.46 / sqft

Built in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Microwave, Plumbed For Ice Maker, Refrigerator, Washer, Wine Cooler

FlooringCarpet, Stone, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting

Lot Size7,500 sqft

Building Information

Year Built2012

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000198715000000

Lot Number33

SubdivisionLakewood Heights

Land UseResidential

Legal DescriptionLAKEWOOD HEIGHTS BLK 13/2082 LT 33 INT202100335184 DD11052021 CO-DC 2082 013 03300 1002082 013

Census Tract001102

Assessed Land Value$450,000

Assessed Improvement Value$819,330

Assessment Year2025

About this property

This one-owner 2012 home is located on one of the most popular streets in the Lakewood Heights neighborhood of East Dallas. All 3 bedrooms are located upstairs, along with 2 full baths, large living room & full-size utility room. The 1st floor was made for entertaining & working. Office life sits to the right of the front door, while dining & living sit to the left & back of the house. 1 wet bar in the center, 1 dry bar between dining & kitchen. Just about the cutest screened-in porch you've ever seen overlooks a sizable backyard big enough for a pool! 8-ft fencing & electric gate seal the deal for privacy. Most downstairs Philips Hue lighting can be controlled remotely & on timers. Lots of storage!

Investor Tools

$1,269,330

Estimated Property Value

$731,927Estimated Mortgage Balance

$537,403Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,616 /month

Positive

Cash Flow Estimate:

$2,539 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,225/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$20,357

$1,269,330

2025

$450,000

$819,330

$1,269,330

Tax History

Year

Tax Paid

Assessed Value

2024

$20,357

$1,269,330

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$800,000

First

Nov 5, 2021

Dec 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$731,927

$537,403

42%

58%

$4,797/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,210/mo

$4,797/mo

$-2,587/mo

2.1%

Learn About the Market: Opportunity in Dallas

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