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Owner Contacts

$186,660

NAL Estimated Property Value

7925 Royal Ln # F-214, Dallas, TX, 75230

Off Market

2 Beds

2 Bath

1,037 Sq Ft

Condos / Townhouses

$1.69 / sqft

Built in 1964

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Washer

FlooringCarpet, Ceramic Tile

Exterior

Private Pool

Lot Size2.34 acres

Building Information

Year Built1964

Stories1

Roof Type106

Land Information

APN00000706457000000

Lot Number2

SubdivisionPark Royal Condominiums

Land UseResidential

Legal DescriptionPARK ROYAL CONDOMINIUMS BLK 3/7288 LT 2 BLDG F UNIT 214 CE 1.9203% INT202100355917 DD11242021 CO-DC 7288 003 002 1007288 003

Census Tract013101

Assessed Land Value$58,590

Assessed Improvement Value$128,070

Assessment Year2025

About this property

Welcome to this charming condo, situated at 7925 Royal Lane. This well-maintained unit offers a perfect blend of comfort and convenience. Boasting a spacious floor plan with 2 bedrooms and 2 bathrooms, this condo features an open-concept living and dining area with large windows that invite plenty of natural light. This Condo offers pool views and immediate access to Northaven Trail! Spacious walk-in closets in each bedroom, new energy-efficient windows, ideal layout, and assigned parking space. A new HVAC system has been installed within the past 2 years. Residents will appreciate the convenience of being so close to 75, access to community amenities, and peaceful, well-kept grounds. Washer and Dryer Hookups, in 2nd bedroom Closet! GREAT LOCATION minutes away from SMU, North Park Mall, The Shops of Park Lane, restaurants and easy access to highways

Investor Tools

$186,660

Estimated Property Value

$126,898Estimated Mortgage Balance

$59,762Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,120 /month

Positive

Cash Flow Estimate:

$373 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$246/month

$486/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,017

$186,660

2025

$58,590

$128,070

$186,660

Tax History

Year

Tax Paid

Assessed Value

2024

$2,017

$186,660

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$138,700

First

Nov 24, 2021

Dec 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$126,898

$59,762

32%

68%

$832/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

$1,318/mo

+$247/mo

10.1%

Learn About the Market: Opportunity in Dallas

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