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$185,090

NAL Estimated Property Value

2803 Rio Branco Street 201j, Farmers Branch, TX, 75234

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths926 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$194.38 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size11.33 acres

Building Information

Year Built1970
Stories1
Roof Type172

Land Information

APN24165600102010000
SubdivisionTara Place Condominiums
Land UseResidential
Legal DescriptionTARA PLACE CONDOMINIUMS 11.328 ACS BLDG J UNIT 201 & 0.600% CE INT202400240221 DD11222024 CO-DC 0000000000000 12416560010
Census Tract014001
Assessed Land Value$29,610
Assessed Improvement Value$155,480
Assessment Year2025

About this property

***Buyer's financing fell through, back on the market*** Owner financing available! Amazing find in Farmers Branch where affordability meets luxury and monthly water bill is included in HOA dues, and most homeowner's insurance will only be about $50.00 monthly! Lovely grounds with beautiful inground pool and landscaping awaits in this very nice 2 bedroom & 2 full bath condo. Open floor plan offers a large living area boasting recently installed LVP, french doors opening to a large balcony, flowing space into the dining area, and a galley kitchen featuring granite countertops, stainless steel appliances, pantry, dishwasher and window overlooking the balcony. Huge walk-in closets are a plus and the primary bedroom has a private primary bathroom. Large landing area offers ease for moving! Easy access to Hwy 635, Dallas North Tollway, 75 & I 35. Shopping and entertainment are just minutes away. Welcome to affordable housing again...a must see!

Investor Tools

Property Icon
$185,090
Estimated Property Value
$131,398Estimated Mortgage Balance
$53,692Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,111 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
$326/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,936
$185,090
2025
$29,610
$155,480
$185,090
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,936
$185,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$135,000
No
First
Nov 22, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,398
$53,692
29%
71%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,580/mo
$1,136/mo
+$444/mo
10.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Farmers Branch

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2803 Rio Branco Street 201j | Property Details | No Agent List