1view

$110,000

12802 Midway Road 1014, Dallas, TX, 75244

Off Market

1 Beds

1 Bath

658 Sq Ft

Condos / Townhouses

$167.17 / sqft

Built in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDishwasher, Electric Range, Microwave, Refrigerator

FlooringLaminate

Exterior

Lot Size7.97 acres

Building Information

Year Built1970

Stories1

Roof Type105

Land Information

APN00000808906720000

SubdivisionLas Colonitas Condominiums

Land UseResidential

Legal DescriptionLAS COLONITAS CONDOMINIUMS BLK 8395 ACS 8.00 BLDG X UNIT 1014 CE% 0.344 INT202200076535 DD03172022 CO-DC 8395 000 00000

Census Tract009603

Assessed Land Value$35,820

Assessed Improvement Value$82,620

Assessment Year2025

About this property

Conveniently located North Dallas condo just minutes from LBJ and the Dallas North Tollway. Freshly painted and new wood laminate flooring installed. This one bedroom one bath condo has a generously sized bedroom with walk in closet. A galley Kitchen included electric range, microwave, dishwasher and refrigerator. Small covered patio. Community includes 2 swimming pools and full laundry facilities on the property. One assigned covered parking (#118) and other open spaces available.

Investor Tools

$119,000

Estimated Property Value

$0Estimated Mortgage Balance

$36,779Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$714 /month

Positive

Cash Flow Estimate:

$238 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$263/month

$248/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,559

$118,440

2025

$35,820

$82,620

$118,440

Tax History

Year

Tax Paid

Assessed Value

2024

$2,559

$118,440

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prosperity Bank

Conventional

$89,200

First

Mar 17, 2022

Apr 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$82,221

$36,779

30%

69%

$535/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$783/mo

+$857/mo

16.5%

Learn About the Market: Opportunity in Dallas

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