B+

NoAgentList RatingHow are grades calculated?

4view

Owner Contacts

$126,100

NAL Estimated Property Value

3121 Park Lane 1139, Dallas, TX, 75220

Off Market

2 Beds

2 Bath

970 Sq Ft

Condos / Townhouses

$92.27 / sqft

Built in 1969

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private Pool

Exterior FeaturesRain Gutters, Private Yard

Lot Size9.13 acres

Building Information

Year Built1969

Stories1

Roof Type172

Land Information

APN00000597576660000

Lot Number4

SubdivisionPark Lane Townhomes Ph 2

Land UseResidential

Legal DescriptionPARK LANE TOWNHOMES PH 2 BLK A/6456 LT 4 & PT LTS 2, 3 & 5 BLDG X UNIT 1139 & 0.564% CE INT202000079714 DD03192020 CO-DC 6456

Census Tract009803

Assessed Land Value$14,570

Assessed Improvement Value$111,530

Assessment Year2025

About this property

Completely renovated contemporary style, split level condo. Open living, dining and kitchen concept. Master downstairs with full bath, walk-in shower and WD connections in closet. Second bedroom and full bath upstairs. Ceramic coated, vinyl plank flooring in living and bathrooms. Newly installed carpet in bedrooms. All walls retextured and painted with Sherwin Williams agreeable grey. Newly installed doors, cabinets, plumbing and electrical fixtures, and Dallas White granite countertops in kitchen and bathrooms. Wood burning brick fireplace. The front porch is covered and large open and fenced patio is great for entertaining. Enjoy a dip in the recently refurbished community pool.

Investor Tools

$126,100

Estimated Property Value

$68,124Estimated Mortgage Balance

$57,976Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$757 /month

Positive

Cash Flow Estimate:

$252 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$53/month

$553/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$126,100

2025

$14,570

$111,530

$126,100

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$126,100

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Gateway First Bank

Conventional

$78,300

First

Oct 11, 2019

Nov 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$68,124

$57,976

45%

54%

$470/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,023/mo

+$542/mo

14.9%

Learn About the Market: Opportunity in Dallas

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