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Owner Contacts

$170,490

NAL Estimated Property Value

7340 Skillman Street 502, Dallas, TX, 75231

Off Market

2 Beds

1 Bath

855 Sq Ft

Condos / Townhouses

$163.63 / sqft

Built in 1982

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringCarpet, Other

Exterior

Private Pool

Lot Size6.33 acres

Building Information

Year Built1982

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00C52050000E00502

Lot Number1B

SubdivisionOaks On The Bend Condos Ph 1-4

Land UseResidential

Legal DescriptionOAKS ON THE BEND CONDOS PH 1-4 BLK 5/8125 LOT 1B ACS 6.3308 BLDG E UNIT 502 CE .7353% INT202100193378 DD06252021 CO-DC 8125

Census Tract007827

Assessed Land Value$40,550

Assessed Improvement Value$129,940

Assessment Year2025

About this property

Great condo at a great price. 2 bedroom 1 bath with a private garage, Close to White Rock Lake. Close to community pool, wood burning fireplace, washer dryer hookups. Close to freeways, Medical, Lower Greenville, WRL, Park Mall are just a short drive away. Hard to find a condo this good at this price near DT Dallas. Walking distance to new shopping area, LA Fitness in Lake Highlands. Move in Ready. Close to desirable Lake Highlands neighborhood and in Richardson ISD.

Investor Tools

$170,490

Estimated Property Value

$116,224Estimated Mortgage Balance

$54,266Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,023 /month

Positive

Cash Flow Estimate:

$341 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$228/month

$408/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,882

$170,490

2025

$40,550

$129,940

$170,490

Tax History

Year

Tax Paid

Assessed Value

2024

$1,882

$170,490

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

City Bank

Conventional

$128,250

First

Jun 25, 2021

Jul 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$116,224

$54,266

31%

68%

$769/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,177/mo

+$388/mo

11.0%

Learn About the Market: Opportunity in Dallas

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