NoAgentList RatingHow are grades calculated?

7view

Owner Contacts

$112,270

NAL Estimated Property Value

6050 Melody Lane 238, Dallas, TX, 75231

Off Market

2 Beds

2 Bath

885 Sq Ft

Condos / Townhouses

$141.24 / sqft

Built in 1979

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Dryer, Convection Oven, Refrigerator, Washer

FlooringVinyl

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size8.07 acres

Building Information

Year Built1979

Stories1

Roof Type105

Land Information

APN00000394930340000

SubdivisionTealwood On The Creek Condominium

Land UseResidential

Legal DescriptionTEALWOOD ON THE CREEK CONDOMINIUM BLDG H UNIT 238 & 0.5118% CE 8.072 AC MELODY LN & HEMLOCK LN INT202500115884 DD05302025

Census Tract007819

Assessed Land Value$27,000

Assessed Improvement Value$85,270

Assessment Year2025

About this property

This completely renovated condominium in Tealwood on the Creek, comes with TWO parking spaces & private deck views! This two-bedroom two-bathroom home features impeccable upgrades, including BRAND NEW luxury vinyl plank hardwood floors, sparking luxury quartz countertops in the kitchen and bathrooms, white cabinetry with stainless steel appliances, plush carpet in two spacious bedrooms, floor-to-ceiling closet mirrors and more! Enjoy peaceful views from your private deck of your 2nd floor home, and indulge in a warm cozy fire on chilly nights from your in-home fireplace. HOA dues include water, garbage, trash, exterior maintenance and more. Welcome Home!

Investor Tools

$112,270

Estimated Property Value

$633,402Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$750 /month

Positive

Cash Flow Estimate:

$250 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$225/month

$382/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,136

$112,270

2025

$27,000

$85,270

$112,270

Tax History

Year

Tax Paid

Assessed Value

2024

$2,136

$112,270

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Lamar National Bank

Credit Line (Revolving) / Heloc

$600,000

First

Dec 23, 2020

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$633,402

N/A

564%

$4,185/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$4,567/mo

$-3,002/mo

16.7%

Learn About the Market: Opportunity in Dallas

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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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