NoAgentList RatingHow are grades calculated?

1view

$689,000

16 Royal Way, Dallas, TX, 75229

Off Market

3 Beds

4 Bath

3,614 Sq Ft

Single Family Residence

$190.65 / sqft

Built in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave

FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting

Lot Size9,930 sqft

Building Information

Year Built1979

Stories1

Roof Type230

Garage Spaces2

Land Information

APN00000414694720000

Lot Number13

SubdivisionFifty Seven Hundred Royal

Land UseResidential

Legal DescriptionFIFTY SEVEN HUNDRED ROYAL BLK A/5506 LOT 13 INT201900272557 DD10012019 CO-DC 5506 00A 01300 1005506 00A

Census Tract007605

Assessed Land Value$330,000

Assessed Improvement Value$625,010

Assessment Year2025

About this property

RARE OPPORTUNITY IN HIGHLY COVETED PRESTON HOLLOW! Don't miss out on this BEAUTIFUL, spacious 3 Bed, 4.5 Bth home! Tons of natural light through the whole house, saltillo tile, wood ceilings, 3 fp, orig brick walls...so much to take in & appreciate! Two lvng & dining areas, HUGE Mstr Ste w his & her bthrms, sitting area, steam shwr & soaker tub! Kitchen has lots of cabnt sp, granite cntrs, ss appl & butler's pantry. Two add'l bdrms w patio access & roomy closets! Mature, lush & low maintenance lndscpng surrounds the home along with a stone walkway leading from the bckyrd to the front gate. Flgstn sitting areas, patio & water feature make sitting outside a peaceful retreat! 10 min commute to Downtown & Love Fld!

Investor Tools

$2,218,000

Estimated Property Value

$399,300Estimated Mortgage Balance

$1,672,562Estimated Equity

82% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$13,308 /month

Positive

Cash Flow Estimate:

$4,436 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,086/month

$2,400/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,944

$955,010

2025

$330,000

$625,010

$955,010

Tax History

Year

Tax Paid

Assessed Value

2024

$13,944

$955,010

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Quicken Loans Llc

Conventional

$399,300

First

Sep 1, 2020

Oct 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$545,438

$1,672,562

75%

25%

$3,595/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$5,995/mo

$-4,023/mo

1.1%

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.

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