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Owner Contacts

$239,000

NAL Estimated Property Value

722 Mcdowell Avenue, Dallas, TX, 75216

Off Market

3 Beds

1 Bath

944 Sq Ft

Single Family Residence

$137.61 / sqft

Built in 1930

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating Central

Cooling

AppliancesGas Cooktop

FlooringWood

Exterior

Lot Size7,081 sqft

Building Information

Year Built1930

Stories1

Roof Type105

Land Information

APN00000286861000000

Lot Number3D

SubdivisionT J Olivers Subdivision

Land UseResidential

Legal DescriptionW F ATKINSON BLK 8/3750 LT 3D ACS 0.163 285FR EWING INT202200170877 DD06032022 CO-DC 3750 008 03D00 2003750 008

Census Tract005400

Assessed Land Value$90,000

Assessed Improvement Value$83,560

Assessment Year2025

About this property

Short drive to downtown Dallas. Nice home to make it your own in a neighborhood that continues to increase or for an investor for rental or to flip. Home features original hardwood floors with central heat and air. Three bedrooms with 1 bath. bathroom was remodeled a couple years ago. Huge backyard with double gates leading to yard for more car parking. Sold as is. Cash preferred...might go conventional. go and show. house had been tenant occupied for the last couple years.

Investor Tools

$239,000

Estimated Property Value

$200,194Estimated Mortgage Balance

$38,806Estimated Equity

16% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,434 /month

Positive

Cash Flow Estimate:

$478 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$413/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,765

$173,560

2025

$90,000

$83,560

$173,560

Tax History

Year

Tax Paid

Assessed Value

2024

$3,765

$173,560

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jeffrey T Landrum

Stand Alone First / Home Equity First Lien

$108,000

First

Jun 3, 2022

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$200,194

$38,806

16%

84%

$1,296/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,296/mo

+$676/mo

9.9%

Learn About the Market: Opportunity in Dallas

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