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Owner Contacts

$74,500

6050 Melody Lane 171, Dallas, TX, 75231

Off Market

1 Beds

1 Bath

623 Sq Ft

Condos / Townhouses

$119.58 / sqft

Built in 1979

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Electric Range

FlooringCarpet

Exterior

Lot Size8.07 acres

Building Information

Year Built1979

Stories1

Roof Type105

Land Information

APN00000394932140000

SubdivisionTealwood On The Creek Condominium

Land UseResidential

Legal DescriptionTEALWOOD ON THE CREEK CONDOMINIUM BLDG O UNIT 171 & CE% 0.3645 BLK M/5414 ACS 8.072 INT202200262080 DD09302022 CO-DC 5414 00M

Census Tract007819

Assessed Land Value$19,250

Assessed Improvement Value$62,560

Assessment Year2025

About this property

Great investment opportunity as home is already occupied and take advantage of immediate income or move in after lease is up. 1 bedroom 1 bath. Easy access to I75, retail, restaurants, shopping, whole foods, Easy walk to the SoPac Trail or adventure to the Royal Oaks County Club. Dallas has done such a great job redeveloping the general area. Its a potential driven move for you!

Investor Tools

$81,810

Estimated Property Value

$0Estimated Mortgage Balance

$81,810Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$491 /month

Positive

Cash Flow Estimate:

$164 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$167/month

$246/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,599

$81,810

2025

$19,250

$62,560

$81,810

Tax History

Year

Tax Paid

Assessed Value

2024

$1,599

$81,810

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$81,810

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,326/mo

$246/mo

+$1,080/mo

19.4%

Learn About the Market: Opportunity in Dallas

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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.

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