Incredible cap rate, turn key rental opportunity. Fully leased, 3 bed 1 bath tenant paying 900 a month, 2 bed 1 bath tenant paying 1100 a month plus bonus detached room in the back rented for 300 a month as storage. all leases month to month. Owner pays water and electric . This property is distressed, being sold as-is. Seller does not and never has lived in the property, buyer to do due diligence. unrepresented buyers will be appointed an agent other than listing agent so please contact your agent of choice for info. Owner does not keep any documentation nor will he provide anything other than sdn and lbp. No showings without executed contract, no exceptions.
Last updated on: 5/2/2024, 4:24:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,102
$80,870
2019
$1,992
$72,870
2018
$976
$34,300
2017
$933
$34,300
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,315
Per Month
Principal & Interest
$1,248
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$816
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Rice Learning Center
2425 Pine St
Distance between this listing and this school0.31 miles
Public District Grades PK-5
Middle School
2
/10
Dade Middle School
2801 Park Row Ave
Distance between this listing and this school1.38 miles
Public District Grades 6-8
High School
2
/10
Lincoln High School
2826 Hatcher St
Distance between this listing and this school0.33 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Rice Learning Center
2425 Pine St
Distance between this listing and this school0.31 miles
Public District Grades PK-5
Nearby Schools
5
/10
St Anthony Academy
3732 Myrtle St
Distance between this listing and this school0.60 miles
Public Charter Grades KG-5
5
/10
Rhoads Learning Center
4401 North 2nd Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-5
Assigned Schools
2
/10
Dade Middle School
2801 Park Row Ave
Distance between this listing and this school1.38 miles
Public District Grades 6-8
Nearby Schools
6
/10
St Anthony School
3732 Myrtle St
Distance between this listing and this school0.60 miles
Public Charter Grades 6-8
6
/10
Trinity Basin Preparatory
808 N Ewing Ave
Distance between this listing and this school3.21 miles
Public Charter Grades PK-8
Assigned Schools
2
/10
Lincoln High School
2826 Hatcher St
Distance between this listing and this school0.33 miles
Public Magnet Grades 9-12
Nearby Schools
4
/10
Madison High School
3000 Mlk Jr Blvd # B
Distance between this listing and this school1.21 miles
Public District Grades 9-12
10
/10
Irma Lerma Rangel Young Women's Leadership School
1718 R B Cullum Blvd
Distance between this listing and this school1.29 miles
The neighbors living near this home have an average income of $13,412. The majority of Dallas, TX residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
This home is located at 2606 Marburg St in Dallas, TX and zip code 75215 in the South Dallas neighborhood. This home, which was built in 1926, sits on a 0.17 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 05, 2024 and is currently priced at $249,999.
While more than 0 listings in Dallas, TX in April 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. The inventory of homes for sale in Dallas, TX between March 2024 and April 2024 increased by 15.8%. Listings spent 37 days on the market in April 2024, and had a median list price of $249,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.