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$135,800

NAL Estimated Property Value

3121 Park Ln # Y-1138, Dallas, TX, 75220

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths970 Sq Ft
price_per_sqft$148.35 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal
FlooringCeramic Tile, Marble, Wood

Exterior

Lot Size9.13 acres

Building Information

Year Built1969
Stories1
Roof Type172

Land Information

APN00000597576800000
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 Y UNIT 1138 & 0.564% CE INT202300260583 DD12262023 CO-DC 6456
Census Tract009803
Assessed Land Value$14,570
Assessed Improvement Value$121,230
Assessment Year2025

About this property

Come see this very pretty unit, updates galore, 2 bedroom and 2 bathroom, one up and one down, smooth walls and ceilings, fresh paint, down stairs ceiling was raised, inset lighting, all new kitchen cabinets and fixtures, and backsplash, both bathrooms look so outstanding, great work on tub and showers and walls and flooring, upstairs bathroom has a walk in shower, with tiled flooring and great colors, down stairs bathroom has marble flooring, closets have been redesigned in both bedrooms, giving more space, extra storage space has also been added, the laundry room has been open to hold full sized washer and dryer, stair railing is being installed soon, open patio in front of unit, wood floors in bedrooms, 1 car carport space goes with unit, just a beauty, in heart of Dallas, close to everything!

Investor Tools

Property Icon
$135,800
Estimated Property Value
$107,096Estimated Mortgage Balance
$28,704Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$863 /month
Positive
Cash Flow Estimate:
$288 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
$651/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,035
$135,800
2025
$14,570
$121,230
$135,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,035
$135,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$112,000
No
First
Dec 26, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,096
$28,704
21%
79%
$672/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,323/mo
+$242/mo
13.8%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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3121 Park Ln # Y-1138 | Property Details | No Agent List