Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$500,000

6322 Covington Ln, Dallas, TX, 75214

Under ContractInfo
Beds3 Beds
Baths1 Bath
Baths1,334 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$374.81 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,685 sqft

Building Information

Year Built1943
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000169078000000
Lot Number9
Land UseResidential
Legal DescriptionBLK 1671 LT 9 CO-DALLAS 1671 000 009 1001671 000
Census Tract001301
Assessed Land Value$267,400
Assessed Improvement Value$168,220
Assessment Year2025

About this property

Exceptional opportunity in a prime East Dallas location with endless potential. Situated on a generous 50x128 lot, this property is ideal for those looking to renovate, build a custom dream home, or take advantage of the Duplex zoning that allows for duplex development. Survey available. No historic or conservation restrictions. Located in the highly sought after Lakewood Elementary attendance zone and between Willis Park & the Tenison Golf Course, this property offers a rare combination of location, flexibility, and lifestyle. Additionally, the backyard backs directly to the Santa Fe Trail, providing seamless access to White Rock Lake, Deep Ellum, Downtown, and the larger trail network right from your gate. Enjoy close proximity to the Lakewood Shopping Center, neighborhood restaurants, coffee shops, parks, and everyday conveniences, all while tucked into one of East Dallas’ most desirable neighborhoods. Whether you are an end user, investor, or builder, this is a rare chance to create something special in an unbeatable setting. Yellow lines represent approximate property boundaries. Please refer to the survey for exact property lines.

Investor Tools

Property Icon
$544,000
Estimated Property Value
$0Estimated Mortgage Balance
$544,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$243/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$193
$435,620
2025
$267,400
$168,220
$435,620
No

Tax History

Year
Tax Paid
Assessed Value
2025
$193
$435,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$828,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,750/mo
N/A
+$1,750/mo
3.9%

Learn About the Market: Opportunity in Dallas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

6322 Covington Ln | Property Details | No Agent List