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$62,900

$67,900

6050 Melody Lane 227, Dallas, TX, 75231

On MarketInfo
Price DropInfo
Beds1 Beds
Baths1 Bath
Baths623 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$100.96 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListMust-SellHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesBalcony
Lot Size8.07 acres

Building Information

Year Built1979
Stories1
Roof Type105

Land Information

APN00000394929640000
SubdivisionTealwood-On-The-Creek Condo
Land UseResidential
Legal DescriptionTEALWOOD-ON-THE-CREEK CONDO BLK M/5414 ACS 8.072 BLDG E UNIT 227 CE 0.3645% INT202300114000 DD06082023 CO-DC 5414 00M 00000
Census Tract007819
Assessed Land Value$19,250
Assessed Improvement Value$62,560
Assessment Year2025

About this property

Sometimes the smartest real estate move isn't the biggest — it's the right one at the right price. This updated 1-bed, 1-bath condo in Tealwood-On-The-Creek is truly a double win for either an owner occupant or an investor adding to your portfolio generating rental income from the moment you close. Second-floor creek and tree views — it's a home owner occupants and renters actually want to live in. The interior has been thoughtfully updated where it counts. Brand new HVAC system (2021) with a smart thermostat delivers energy-efficient climate control year-round. New vinyl windows and sliding doors keep the outside world quiet and the utility bills manageable. A new breaker panel and updated lighting, fans, and fixtures mean you're walking into peace of mind, not deferred maintenance. Wood-look laminate flooring flows through the open living area, anchored by a wood-burning fireplace — the kind of cozy touch that turns a compact unit into a condo into a home. The fully equipped kitchen opens to a breakfast nook, and in-unit washer. dryer connections make this unit more livable — and more rentable — than most condos at this price point in Dallas. The location is a genuine asset. The SoPac Trail is a short walk from the front gate — one of Dallas's most walkable corridors. I-75 is minutes away, connecting residents to Downtown Dallas, the Medical District, and beyond. Whole Foods, top-tier restaurants, and everyday retail are all close-in. The Royal Oaks Country Club is a short drive. Dallas has invested in this corridor — assessed values up 15% in 2024 and 14% in 2025. HOA at $264 per month covers grounds maintenance, managed by Tealwood On The Creek. Community pool — a meaningful amenity for those HOT Texas summers. Covered carport. Annual taxes approximately $1,822. Zoned to Dallas ISD: Rogers Elementary, Benjamin Franklin Middle School, and Hillcrest High School Style and profile just in time for summer. Take action now and don't let this one get away.

Investor Tools

$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

Interested in this property?

Jeffrey Price

Great Western Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
$264/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,903
$81,810
2025
$19,250
$62,560
$81,810
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,903
$81,810

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$81,810
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$264/mo
+$1,062/mo
19.4%

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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6050 Melody Lane 227 | Property Details | No Agent List