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$125,000

12480 Abrams Road 723, Dallas, TX, 75243

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths729 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$171.47 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Lot Size17.99 acres

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APN00C11970000E00723
Lot Number1
SubdivisionCreekbend Condominiums Ph I-Vi
Land UseResidential
Legal DescriptionCREEKBEND CONDOMINIUMS PH I-VI BLK F/8422 PT LT 1 17.99 ACS BLDG E UNIT 723 CE 0.19862% INT202300179698 DD08062023 CO-DC 8422
Census Tract019034
Assessed Land Value$18,620
Assessed Improvement Value$112,600
Assessment Year2025

About this property

Move-in ready condo in Richardson ISD offering comfort, convenience, and excellent rental potential. This updated second-floor unit features an open-concept layout with laminate wood flooring throughout the living, dining, kitchen, and bedroom areas. The spacious kitchen offers ample cabinet storage and overlooks the inviting living room with a cozy fireplace. Neutral finishes create a bright, versatile space that's ready for your personal touch. A full-size utility room provides added functionality with extra storage and a folding counter. Recent improvements include a newer HVAC system, water heater, toilet, sink, and tub, while solar screens help improve energy efficiency. Relax on the covered patio and enjoy the convenience of an assigned covered parking space. Ideally located near Richland College, Lake Highlands High School, shopping, dining, and major highways including I-635 and US-75. Whether you're a first-time buyer, downsizing, or looking to add to your investment portfolio, this low-maintenance condo is a fantastic opportunity

Investor Tools

$70,932Estimated Mortgage Balance
$60,288Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$787 /month
Positive
Cash Flow Estimate:
$262 /month

Interested in this property?

Amy Downs

DHS Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$189/month
$235/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,618
$131,220
2025
$18,620
$112,600
$131,220
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,618
$131,220

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$81,528
No
First
Nov 8, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,932
$60,288
45%
54%
$489/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$724/mo
+$602/mo
12.1%

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.

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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12480 Abrams Road 723 | Property Details | No Agent List