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Owner Contacts

$227,000

NAL Estimated Property Value

714 W Illinois Avenue, Dallas, TX, 75224

Off Market

2 Beds

1 Bath

1,084 Sq Ft

Single Family Residence

$239.76 / sqft

Built in 1946

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Range, Microwave

FlooringCeramic Tile, Wood

Exterior

Lot Size9,220 sqft

Building Information

Year Built1946

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000468592000000

Lot Number9

SubdivisionWynnewood

Land UseResidential

Legal DescriptionWYNNEWOOD BLK 2/5975 LT 9 INT202500135081 DD06272025 CO-DC 5975 002 00900 2DA5975 002

Census Tract006200

Assessed Land Value$80,750

Assessed Improvement Value$91,900

Assessment Year2025

About this property

IN THE HEART OF OAK CLIFF. Across the street from Wynnewood Shopping Center. CUTE AS A BUTTON! LARGE 2 bedroom, 1 Bath 1 car garage that has been recently UPDATED!! Hardwood floors & ceramic tile throughout. Stove, Built in Microwave, Central Heating and Air, Fenced Yard, and MUCH More!! Close to shopping, restaurants, schools, etc. All information contained herein deemed reliable but not guaranteed Buyer and Buyer's Agent to verify all information including schools and dimensions, etc.

Investor Tools

$227,000

Estimated Property Value

$218,251Estimated Mortgage Balance

$8,749Estimated Equity

3% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,559 /month

Positive

Cash Flow Estimate:

$520 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$423/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,941

$172,650

2025

$80,750

$91,900

$172,650

Tax History

Year

Tax Paid

Assessed Value

2024

$3,941

$172,650

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$221,825

First

Jun 27, 2025

Jul 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$218,251

$8,749

96%

$1,330/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,330/mo

+$235/mo

8.3%

Learn About the Market: Opportunity in Dallas

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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.

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