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$471,000

506 Reale Dr, Irving, TX, 75039

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,706 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$213.95 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size2,279 sqft

Building Information

Year Built2013
Stories2
Roof Type105
Garage Spaces2

Land Information

APN322565500C32R0000
Lot Number32R
SubdivisionLa Palazzi Revised
Land UseResidential
Legal DescriptionLA PALAZZI REVISED BLK C LT 32R INT202200099366 DD04082022 CO-DC 2565500C32R00 2CI2565500C
Census Tract014143
Assessed Land Value$75,000
Assessed Improvement Value$324,080
Assessment Year2025

About this property

-- MULTIPLE OFFERS RECEIVED - OFFER DEADLINE SUNDAY 3.20.22 @ 6 PM -- Light-filled two story corner unit townhome located in the heart of Las Colinas. Features spacious and open kitchen and living. Downstairs powder bath and attached 2 car garage. Kitchen has expansive island with sink, granite countertops, SS appliances, and gas range. Upstairs has all three bedrooms and the laundry room. Owner’s suite features two WIC and ensuite bathroom with dual sink vanity. HVAC replaced 4 years ago, new dishwasher, new disposal. Easy access to GB Turnpike, 114, DFW Airport, restaurants, and shops.

Investor Tools

Property Icon
$471,000
Estimated Property Value
$336,800Estimated Mortgage Balance
$159,983Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,826 /month
Positive
Cash Flow Estimate:
$942 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$915/month
$1,318/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,628
$399,080
2025
$75,000
$324,080
$399,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,628
$399,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$336,800
No
First
Apr 8, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$311,017
$159,983
33%
66%
$2,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,910/mo
$3,338/mo
$-428/mo
7.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Irving

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