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$150,000

6050 Melody Ln # D-116, Dallas, TX, 75231

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,127 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$133.1 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size8.07 acres

Building Information

Year Built1979
Stories1
Roof Type105

Land Information

APN00000394929100000
SubdivisionTealwood-On-The-Creek Condo
Land UseResidential
Legal DescriptionTEALWOOD-ON-THE-CREEK CONDO BLK M/5414 ACS 8.072 BLDG D UNIT 116 & CE 0.6626% INT202400008617 DD01122024 CO-DC 5414 00M 000
Census Tract007819
Assessed Land Value$34,970
Assessed Improvement Value$116,020
Assessment Year2025

About this property

Packing a punch with the use of a spacious floor-plan layout and storage throughout! This is a great condo that has recently been updated and ready for new owners. The split bedrooms has the Primary up with a secondary bedroom and additional full bath down. The open living area with large wood burning fireplace flows seamlessly to dining area and kitchen. From abundant storage to an open eat-at breakfast bar and modern backsplash you will find all your cooking needs met with ease. Throughout the home you will notice the light and bright warmth that surrounds you from the abundant windows that allow for natural sunlight to stream in. Enjoy time on the patio positioned between rooms with access from two sides. You will also have two assigned covered parking spaces. This home is perfect for the needs of those starting out, downsizing, sharing with a roommate, or even just needing a bit of extra space utilizing the upstairs as a work-from-home office. Located near shopping and major roads.

Investor Tools

Property Icon
$150,990
Estimated Property Value
$106,500Estimated Mortgage Balance
$48,985Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$906 /month
Positive
Cash Flow Estimate:
$302 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
$449/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,006
$150,990
2025
$34,970
$116,020
$150,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,006
$150,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$106,500
No
First
Jan 12, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,005
$48,985
32%
68%
$639/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,088/mo
+$477/mo
12.4%

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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