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Owner Contacts

$125,970

NAL Estimated Property Value

3045 Park Ln # F-1034, Dallas, TX, 75220

Off Market

2 Beds

2 Bath

969 Sq Ft

$123.84 / sqft

Built in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringCarpet, Ceramic Tile

Exterior

Private Pool

Exterior FeaturesRain Gutters

Lot Size9.13 acres

Building Information

Year Built1969

Stories1

Roof Type172

Land Information

APN00000597574580000

Lot Number1

SubdivisionPark Lane Townhomes Ph 1

Land UseResidential

Legal DescriptionPARK LANE TOWNHOMES PH 1 BLK A/6456 LT 1 & PT LTS 2 & 3 BLDG F UNIT 1034 CE 0.564% INT202300189009 DD09142023 CO-DC 6456 00A

Census Tract009803

Assessed Land Value$14,520

Assessed Improvement Value$111,450

Assessment Year2025

About this property

Back on the Market! Adorable 2 bedroom 2 bath condominium in Park Lane Townhomes Community. Updated kitchen, flooring, fixtures, appliances and bathrooms. Granite Counter-tops, Stainless Steel appliances. Fresh interior paint. Wood burning fireplace with floor to ceiling brick surround. Wood Look Ceramic tile floors in living areas. Ceramic Tile Bath Floors throughout except bedroom upstairs. Large bedrooms. Community pool and laundry. Close to restaurants, commutes, entertainment and shopping. You will want to see this one. The Investor Buyer decided to pool money with a relative and purchase a larger property so terminated the contract. This home is ready to go.

Investor Tools

$125,970

Estimated Property Value

$102,755Estimated Mortgage Balance

$23,215Estimated Equity

18% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$756 /month

Positive

Cash Flow Estimate:

$252 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$287/month

$796/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,815

$125,970

2025

$14,520

$111,450

$125,970

Tax History

Year

Tax Paid

Assessed Value

2024

$2,815

$125,970

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$108,000

First

Sep 14, 2023

Oct 2038

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$102,755

$23,215

18%

82%

$648/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,444/mo

+$121/mo

14.9%

Learn About the Market: Opportunity in Dallas

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