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$545,000

649 Peavy Rd, Dallas, TX, 75218

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,311 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$415.71 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Hardwood, Vinyl

Exterior

Lot Size10,376 sqft

Building Information

Year Built1948
Stories1
Roof Type105

Land Information

APN00000393028000000
Lot Number17
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES BLK 5/5401 LOT 17 INT201800049348 DD02202018 CO-DC 5401 005 01700 3005401 005
Census Tract012900
Assessed Land Value$396,880
Assessed Improvement Value$106,500
Assessment Year2025

About this property

Welcome to 649 Peavy Road, a beautifully refreshed 3-bedroom, 2-bathroom home in the desirable Lake Highlands area of East Dallas. One of the home's standout updates is the brand-new hardwood flooring throughout, giving the entire home a clean, cohesive, and inviting feel. The home offers a comfortable layout with generously sized bedrooms and a private primary suite featuring its own bathroom with a walk-in closet and stand-up shower. The second bathroom is designed with functionality in mind and features a stand-up shower equipped with dual shower heads, offering a convenient setup for two. The kitchen features granite countertops and stainless steel appliances, with the refrigerator included with the sale. The seller is also leaving the washer and dryer, making the home move-in ready with several of the everyday essentials already in place. Step outside to a spacious backyard with a deck, creating a great setting for outdoor dining, entertaining, or simply enjoying the Texas evenings. Two storage sheds provide additional space for tools, bikes, lawn equipment, and more. Located minutes from White Rock Lake, Casa Linda Shopping Center, the Dallas Arboretum and Botanical Garden, and an array of dining, shopping, and entertainment options. Served by sought-after Hexter Elementary, this East Dallas location offers convenient access to the best of Lake Highlands and surrounding neighborhoods. With fresh hardwood flooring throughout, thoughtful features, included appliances, and a great East Dallas location, 649 Peavy Road is ready for its next chapter.

Investor Tools

$215,405Estimated Mortgage Balance
$324,595Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,270 /month
Positive
Cash Flow Estimate:
$1,090 /month

Interested in this property?

Ryan Rounsaville

Compass RE Texas, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$813/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,059
$503,380
2025
$396,880
$106,500
$503,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,059
$503,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bnc National Bank
Conventional
$261,000
No
First
Feb 20, 2018
Mar 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,405
$324,595
60%
40%
$1,565/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,650/mo
$1,565/mo
+$85/mo
3.7%

Learn About the Market: Opportunity in Dallas

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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 Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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