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$116,930

NAL Estimated Property Value

6050 Melody Lane 338, Dallas, TX, 75231

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths2 Bath
Baths885 Sq Ft
price_per_sqft$1.47 / sqft
Year BuiltBuilt in 1979

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Oven

Exterior

Lot Size8.07 acres

Building Information

Year Built1979
Stories1
Roof Type105

Land Information

APN00000394930420000
SubdivisionTealwood
Land UseResidential
Legal DescriptionTEALWOOD-ON-THE-CREEK CONDO BLDG H UNIT 338 & 0.5118% CE 8.072 AC MELODY LN & HEMLOCK LN INT202200238391 DD08312022 CO-DC
Census Tract007819
Assessed Land Value$27,000
Assessed Improvement Value$89,930
Assessment Year2025

About this property

Nicely updated two-bedroom, two-bath condo at Tealwood on the Creek. Balcony view over forest and stream. Ready for move-in.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,339
$116,930
2025
$27,000
$89,930
$116,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,339
$116,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bpl Mortgage Llc
Commercial
$65,650
No
First
Aug 31, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$61,066
$55,864
47%
52%
$394/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$394/mo
+$1,171/mo
16.1%

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 338 | Property Details | No Agent List