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Owner Contacts

$559,890

NAL Estimated Property Value

874 Peavy Road, Dallas, TX, 75218

Off Market

3 Beds

2 Bath

1,328 Sq Ft

$274.85 / sqft

Built in 1954

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Gas Water Heater

FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size9,035 sqft

Building Information

Year Built1954

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000518254000000

Lot Number14

SubdivisionLake Terrace

Land UseResidential

Legal DescriptionLAKE TERRACE BLK G/6133 LT 14 INT202100119159 DD04212021 CO-DC 6133 00G 01400 3DA6133 00G

Census Tract012900

Assessed Land Value$361,400

Assessed Improvement Value$198,490

Assessment Year2025

About this property

Mid Century Lake Highlands Cozy Cottage is packed with updates and charm. Large Picture window in living room showcases the backyard and why you love Old Lake Highlands. Gleaming hardwood oak flooring throughout the home, living room and in all 3 bedrooms. Kitchen has been renovated with granite counters and stainless appliances. Green Energy lovers rejoice, this home has updated dual pane windows, radiant barrier, water heater in 2019, and leased solar panels. Average Electric bill for January through March 2021 has been approximately $14 per month.

Investor Tools

$559,890

Estimated Property Value

$321,593Estimated Mortgage Balance

$238,297Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,359 /month

Positive

Cash Flow Estimate:

$1,120 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$890/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,881

$559,890

2025

$361,400

$198,490

$559,890

Tax History

Year

Tax Paid

Assessed Value

2024

$7,881

$559,890

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wallick & Volk Inc

Conventional

$356,250

First

Apr 21, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$321,593

$238,297

42%

57%

$2,136/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

$2,136/mo

$-56/mo

4.5%

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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