1view

Owner Contacts

$221,650

NAL Estimated Property Value

7050 Bates St, Dallas, TX, 75227

Off Market

2 Beds

1 Bath

1,065 Sq Ft

Single Family Residence

$211.17 / sqft

Built in 1950

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator

FlooringCarpet, Laminate

Exterior

Lot Size6,905 sqft

Building Information

Year Built1950

Stories1

Roof Type105

Land Information

APN00000442306000000

Lot Number17A

SubdivisionThompson

Land UseResidential

Legal DescriptionTHOMPSON BLK 1/5820 W 53.9' LT 17A INT202500049771 DD03042025 CO-DC 5820 001 17A00 3005820 001

Census Tract008500

Assessed Land Value$60,000

Assessed Improvement Value$161,650

Assessment Year2025

About this property

Beautifully kept property in a quiet neighborhood. Recently renovated in 2020 with New Roof, New Electrical wiring, New electrical fixtures, new plumbing fixtures, New HVAC, New Cabinets, New Appliances, New Bathroom, New floors, New Quartz countertop and New Windows. All updates were completed in 2020. All appliances comes with the home. Home also include two storage sheds in the backyard. Owner Agent.

Investor Tools

$221,650

Estimated Property Value

$212,200Estimated Mortgage Balance

$9,450Estimated Equity

4% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,349 /month

Positive

Cash Flow Estimate:

$450 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$358/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,187

$221,650

2025

$60,000

$161,650

$221,650

Tax History

Year

Tax Paid

Assessed Value

2024

$3,187

$221,650

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Colonial National Mortgage

Conventional

$225,720

First

Feb 17, 2023

Mar 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$212,200

$9,450

96%

$1,354/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,354/mo

+$211/mo

8.5%

Learn About the Market: Opportunity in Dallas

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