2view

Owner Contacts

$350,000

NAL Estimated Property Value

1606 Nina Drive, Dallas, TX, 75051

Off Market

3 Beds

3 Bath

1,606 Sq Ft

$165.01 / sqft

Built in 2007

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringCarpet, Laminate

Building Information

Year Built2006

Stories2

Roof Type105

Garage Spaces2

Land Information

APN006113206A0320000

SubdivisionMountain Creek Lake 1

Land UseResidential

Legal DescriptionMOUNTAIN CREEK LAKE 1 BLK 206A/6113 LT 32 INT202100077987 DD03172021 CO-DC 6113206A 03200 4DA6113206A

Census Tract016301

Assessment Year2025

About this property

You will love this fantastic Mountain Creek Lake addition home that is MOVE IN READY and has LAKE FRONT ACCESS!!! Home was recently painted, the kitchen flooring and all carpeted areas are fresh and never lived upon and MORE!!! Enjoy a flexible floor plan with a formal dining room that could be an office or extended den area AND a large master living suite with an OVERSIZED master closet!!! Relax gazing out of your living room or kitchen windows at calming water!!! Great location with easy access to Interstate 30 or Interstate 20, Loop 12, major shopping areas, restaurants AND minutes to Mountain Creek Lake!!

Investor Tools

$350,000

Estimated Property Value

$202,940Estimated Mortgage Balance

$147,060Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,100 /month

Positive

Cash Flow Estimate:

$700 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$815/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,034

$350,000

2025

N/A

$350,000

Tax History

Year

Tax Paid

Assessed Value

2024

$8,034

$350,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$225,250

First

Mar 17, 2021

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$202,940

$147,060

42%

58%

$1,351/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$1,351/mo

+$1,221/mo

8.8%

Learn About the Market: Opportunity in Dallas

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