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$904,000

NAL Estimated Property Value

9412 Covemeadow Dr, Dallas, TX, 75238

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,222 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$375.79 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size12,433 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000793402000000
Lot Number1
SubdivisionWhite Rock North
Land UseResidential
Legal DescriptionWHITE ROCK NORTH BLK R/8126 LOT 1 COVEMEADOW & ELMCREST DR INT202300061560 DD03292023 CO-DC 8126 000 00100 3008126 000
Census Tract013008
Assessed Land Value$450,000
Assessed Improvement Value$421,050
Assessment Year2025

About this property

Please note offer deadline has been set for Saturday 2-25-2023 at 7:00pm White Rock Elementary Gem! This gorgeous traditional home in the coveted ABC Streets sits on an oversized corner lot on one of the most beautiful blocks of Lake Highlands. This lovely home features 3 bedrooms, 2.1 bathrooms and has a bonus room that would make a great nursery or home office. Enter the front door to a warm welcome that includes oak hardwoods, open layout, stylish lighting and a large fireplace with hearth at the heart of the home. The thoughtfully designed kitchen charms with natural light, stainless appliances, views to the living and dining and a built-in bench in the breakfast nook. The 1st level primary suite features a walk in closet and updated bathroom with double sinks and a step-in shower. The bonus room is also downstairs, while the other two bedrooms that are generous in size are upstairs. With an attached 2 car garage, large backyard and gorgeous drive up, this home is a keeper!

Investor Tools

Property Icon
$904,000
Estimated Property Value
$660,647Estimated Mortgage Balance
$243,353Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,424 /month
Positive
Cash Flow Estimate:
$1,808 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,901/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,297
$871,050
2025
$450,000
$421,050
$871,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,297
$871,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$688,000
No
First
Mar 29, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$660,647
$243,353
26%
73%
$4,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$4,237/mo
$-2,265/mo
2.6%

Learn About the Market: Opportunity in Dallas

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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.

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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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9412 Covemeadow Dr | Property Details | No Agent List