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Owner Contacts

$405,000

NAL Estimated Property Value

6411 Ridgemont Dr, Dallas, TX, 75214

Off Market

2 Beds

2 Bath

1,374 Sq Ft

$167.32 / sqft

Built in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator

FlooringCarpet, Slate, Wood

Exterior

Exterior FeaturesBalcony

Lot Size3,871 sqft

Building Information

Year Built1984

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000398161880000

Lot Number20

SubdivisionLouann Addn No 6

Land UseResidential

Legal DescriptionLOUANN ADDN NO 6 BLK B/5430 PT LOT 20 ACS 0.090 1/2 DUPLEX INT202100134127 DD05052021 CO-DC 5430 00B 02000 1005430 00B

Census Tract007902

Assessed Land Value$193,550

Assessed Improvement Value$73,380

Assessment Year2025

About this property

FABULOUS LOCATION & GREAT OPPORTUNITY TO MAKE THIS HOME YOUR OWN! This peaceful residential neighborhood offers a tranquil lifestyle yet allows for easy access to shopping, restaurants along with outdoor recreation! Jump on your bike or take a run to White Rock Lake & all the fun that includes! Convenient access to NW Hwy if a commute is in your future or enjoy the easy drive to NorthPark Center, still one of Dallas' premier shopping exeriences! The home offers A generously sized lvg area with brick fireplace that is open to the dining & Kitchen area. 2 spacious bdrm & 2 baths privately located upstairs. Don't miss the charm & potential of this home! HOME SOLD AS IS BUT GREAT POTENTIAL!

Investor Tools

$405,000

Estimated Property Value

$193,332Estimated Mortgage Balance

$211,668Estimated Equity

52% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,430 /month

Positive

Cash Flow Estimate:

$810 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$487/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,817

$266,930

2025

$193,550

$73,380

$266,930

Tax History

Year

Tax Paid

Assessed Value

2024

$3,817

$266,930

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Keller Mortgage Llc

Conventional

$213,750

First

May 5, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$193,332

$211,668

52%

48%

$1,282/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,750/mo

$1,282/mo

+$468/mo

5.2%

Learn About the Market: Opportunity in Dallas

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