B+

NoAgentList RatingHow are grades calculated?

1view

$197,500

6225 Balcony Lane, Dallas, TX, 75241

Off Market

3 Beds

2 Bath

1,674 Sq Ft

Single Family Residence

$117.98 / sqft

Built in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan

FlooringCarpet, Vinyl

Exterior

Lot Size5,500 sqft

Building Information

Year Built2005

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00829400210350000

Lot Number35

SubdivisionCollege Terrace Ph 2

Land UseResidential

Legal DescriptionCOLLEGE TERRACE PH 2 BLK 21/8294 LT 35 INT202200158986 DD06062022 CO-DC 8294 021 03500 4DA8294 021

Census Tract016711

Assessed Land Value$46,750

Assessed Improvement Value$214,030

Assessment Year2025

About this property

Great 3 bedroom home in quite neighborhood. Floor plan is a open concept and lots of living area connected to dining area and kitchen. Split bedrooms to give master a little privacy. All bedrooms have walk in closets. House backs up to a greenbelt so no neighbors behind your home. This home shows great and is ready for its next family.

Investor Tools

$260,780

Estimated Property Value

$0Estimated Mortgage Balance

$50,717Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,565 /month

Positive

Cash Flow Estimate:

$522 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$594/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,829

$260,780

2025

$46,750

$214,030

$260,780

No

Tax History

Year

Tax Paid

Assessed Value

2024

$5,829

$260,780

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Residential Acceptance Corp

Fha

$181,649

Yes

First

Aug 25, 2020

Sep 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$210,063

$50,717

19%

81%

$1,407/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,407/mo

+$565/mo

9.1%

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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