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Owner Contacts

$170,150

NAL Estimated Property Value

6122 Ridgecrest Rd Apt 3007, Dallas, TX, 75231

Off Market

1 Beds

1 Bath

785 Sq Ft

$222.93 / sqft

Built in 1981

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesBalcony, Dog Run

Lot Size29,612 sqft

Building Information

Year Built1981

Stories1

Roof Type172

Garage Spaces1

Land Information

APN0029N810000103007

Lot Number10

SubdivisionRitz Condos

Land UseResidential

Legal DescriptionRITZ CONDOS BLK 9/5217 LOTS 2 & 3 UNIT 3007 CE 3.0031% INT202300152002 DD07282023 CO-DC 5217 009 002 3005217 009

Census Tract007830

Assessment Year2025

About this property

Beautifully updated condo in a GREAT location, feels like upscale hotel, convenient to all Dallas has to offer including: North Park Mall, White Rock Lake, Uptown Dallas, Lower Greenville, SMU. Convenient to major highways such as 75, downtown Dallas and Hwy 635. Lots of restaurants and entertainment venues and shopping nearby. Condo community building is meticulously maintained with luxury hotel vibe, underground private garage parking and a private, gated community dog run. Unit is on the 3rd floor with balcony. Fresh paint, granite countertops, new black stainless steel appliances, Samsung refridgerator, stackable washer and dryer. Bathroom is updated with new fixtures. HVAC professionally maintained. Adorable fireplace has been reapportioned with modern aesthetic. New light fixtures, huge closet!!! Exterior maintenance covered by HOA, as well as water, trash services. Community is landscaped with plenty of guest parking.

Investor Tools

$170,150

Estimated Property Value

$149,345Estimated Mortgage Balance

$20,805Estimated Equity

12% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,050 /month

Positive

Cash Flow Estimate:

$350 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$388/month

$273/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,803

$170,150

2025

N/A

$170,150

Tax History

Year

Tax Paid

Assessed Value

2024

$3,803

$170,150

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Sfmc Lp

Conventional

$157,500

First

Jul 28, 2023

Aug 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$149,345

$20,805

12%

88%

$945/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,326/mo

$1,218/mo

+$108/mo

9.4%

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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