1view

$127,000

12810 Midway Road 2039, Dallas, TX, 75244

Off Market

1 Beds

1 Bath

658 Sq Ft

Condos / Townhouses

$174.77 / sqft

Built in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private Pool

Lot Size7.97 acres

Building Information

Year Built1970

Stories1

Roof Type105

Land Information

APN00000808905980000

SubdivisionLas Colonitas Condominiums

Land UseResidential

Legal DescriptionLAS COLONITAS CONDOMINIUMS BLK 8395 ACS 8.00 BLDG Q UNIT 2039 CE% 0.344 INT202200121490 DD04282022 CO-DC 8395 000 00000

Census Tract009603

Assessed Land Value$35,820

Assessed Improvement Value$90,520

Assessment Year2025

About this property

BUYER FINCINCING Fell Through and ready for new Owners! This 2nd floor condo has been well kept and is ready for move in. Located just 1 block from LBJ Freeway, minutes away from North Dallas Tollway and Dallas Community College. Walk across the street to Walmart and Sam’s Club plus lots of restaurants to choose from. This condo has a spacious sized bedroom, walk in closet, full bath, plus quartz countertops in kitchen. Like to entertain? Then you'll enjoy the open dining-living room area, breakfast bar and balcony. Comes with 1 assigned covered parking space #97 with additional guest parking. Community has 2 pools and full laundry facilities on grounds. Hurry, because this condo will not last long! Not FHA or VA approved or any special DPA financing.

Investor Tools

$127,000

Estimated Property Value

$0Estimated Mortgage Balance

$50,815Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$762 /month

Positive

Cash Flow Estimate:

$254 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$274/month

$286/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,647

$126,340

2025

$35,820

$90,520

$126,340

Tax History

Year

Tax Paid

Assessed Value

2024

$2,647

$126,340

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

General Mortgage Capital Corp

Conventional

$82,500

First

Apr 28, 2022

May 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$76,185

$50,815

40%

60%

$495/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$781/mo

+$859/mo

15.5%

Learn About the Market: Opportunity in Dallas

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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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