16view

Owner Contacts

$320,400

NAL Estimated Property Value

2935 Royal Ln, Dallas, TX, 75229

$323,681 ARV

Off Market

5 Beds

2 Bath

1,956 Sq Ft

$135.48 / sqft

Built in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDryer

Exterior

Lot Size7,709 sqft

Building Information

Year Built1960

Stories1

Roof Type105

Land Information

APN00000608218000000

Lot Number18A

SubdivisionRoyalhaven Revised

Land UseResidential

Legal DescriptionROYALHAVEN REVISED BLK 2/6600 LT 18A VOL2001179/2855 DD08312001 CO-DC 6600 002 18A00 1006600 002

Census Tract009611

Assessed Land Value$160,000

Assessed Improvement Value$160,400

Assessment Year2025

About this property

INVESTOR POTENTIAL. GREAT REANTAL POTENTIAL. GARAGE WAS CONVERTED IN TO AN APARTMENT. PROPERTIES BEEN SOLD IN THE ARE IN THE LOW 400K. BRING YOUR REMODELING IDEAS. Seller is firm on the price, she is always home.

Investor Tools

$320,400

Estimated Property Value

$25,193Estimated Mortgage Balance

$295,207Estimated Equity

92% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$323,681

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,922 /month

Positive

Cash Flow Estimate:

$641 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$668/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,417

$320,400

2025

$160,000

$160,400

$320,400

No

Tax History

Year

Tax Paid

Assessed Value

2024

$6,417

$320,400

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Franklin American Mtg Company

N/A

$93,000

N/A

First

Aug 31, 2001

Sep 2031

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$25,193

$295,207

92%

8%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

N/A

+$1,972/mo

7.4%

Learn About the Market: Opportunity in Dallas

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