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$260,120

NAL Estimated Property Value

6623 Petain Ave, Dallas, TX, 75227

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,100 Sq Ft
price_per_sqft$240.91 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Gas Water Heater, Refrigerator
FlooringVinyl

Exterior

Lot Size10,402 sqft

Building Information

Year Built1948
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000438688000000
Lot Number12
SubdivisionPeacock Terrace
Land UseResidential
Legal DescriptionPEACOCK TERRACE BLK 7/5810 LOT 12 & E 10' LOT 13 PETAIN & DONNA DR INT202300190226 DD09122023 CO-DC 5810 007 01200 3005810
Census Tract008402
Assessed Land Value$60,000
Assessed Improvement Value$200,120
Assessment Year2025

About this property

Welcome to your new home! This charming house, located in a safe and quiet neighborhood just 15 minutes away from Dallas downtown, is perfect for first time home buyers. With it's recent updated and modern features, this property is sure to captivate you. Step inside and be greeted by the delightful ambiance created by the abundance of natural light that fills the space. The entire house has undergone significant renovations, including new plumbing, new windows, a new AC unit, and upgraded electrical systems. These improvements ensure a worry-free living experience, allowing you to focus on enjoying your new home. Featuring three spacious bedrooms and two well appointment bathrooms, this house provides ample space for comfortable living. In addition the convenient location of this home allows for easy access to Dallas downtown, ensuring you're never too far away from the vibrant city life. Seller is offering $5K towards closing cost or point buy down and a two year warranty.

Investor Tools

Property Icon
$260,120
Estimated Property Value
$199,629Estimated Mortgage Balance
$60,491Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$593/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,814
$260,120
2025
$60,000
$200,120
$260,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,814
$260,120

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mgb Holdings Llc
Unknown
$209,819
No
First
Sep 12, 2023
Sep 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,629
$60,491
23%
77%
$1,258/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,258/mo
+$714/mo
9.1%

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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6623 Petain Ave | Property Details | No Agent List