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$165,000

840 Clearwood Dr, Dallas, TX, 75232

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths983 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.85 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Vented Exhaust Fan

Exterior

Lot Size7,533 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000617116000000
Lot Number15
SubdivisionPolk Terrace 2nd Installment
Land UseResidential
Legal DescriptionPOLK TERRACE 2ND INSTALLMENT BLK H/6639 LT 15 CLEARWOOD DR INT202400135738 DOD11302024 CO-DC 6639 00H 01500 2006639 00H
Census Tract011104
Assessed Land Value$65,000
Assessed Improvement Value$126,900
Assessment Year2025

About this property

Charming single-story brick home offering two bedrooms, one full bathroom, and a versatile bonus room with a closet and backyard access—ideal for a home office, study, playroom, or additional living space. The functional floor plan includes a comfortable living room, an eat-in kitchen, an attached one-car garage, and a spacious backyard with plenty of room to relax, entertain, or create your own outdoor retreat. Conveniently located near major roadways, shopping, dining, and neighborhood amenities. The roof requires repair, and the seller is willing to consider completing the roof work before closing or arranging payment to a licensed roofing contractor through closing with an acceptable offer, subject to lender, title company, and contractor approval. Property is being sold in its present condition except as otherwise negotiated.

Investor Tools

$58,637Estimated Mortgage Balance
$133,263Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,151 /month
Positive
Cash Flow Estimate:
$384 /month

Interested in this property?

Thailer Foster

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,273
$191,900
2025
$65,000
$126,900
$191,900
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,273
$191,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crevecor Mortgage Inc
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$62,500
No
First
Mar 18, 2005
Apr 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,637
$133,263
69%
31%
$677/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$677/mo
+$1,295/mo
12.3%

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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840 Clearwood Dr | Property Details | No Agent List