2view

Owner Contacts

$151,360

NAL Estimated Property Value

7929 Royal Lane 111, Dallas, TX, 75230

Off Market

1 Beds

1 Bath

688 Sq Ft

$152.62 / sqft

Built in 1964

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesElectric Cooktop

FlooringCeramic Tile

Exterior

Private Pool

Lot Size2.34 acres

Building Information

Year Built1964

Stories1

Roof Type105

Land Information

APN00000706456950000

Lot Number2

SubdivisionPark Royal Condominiums

Land UseResidential

Legal DescriptionPARK ROYAL CONDOMINIUMS BLK 3/7288 LOT 2 BLDG E UNIT 111 CE 1.2741% INT202300134426 DD06302023 CO-DC 7288 003 00200 1007288

Census Tract013101

Assessed Land Value$38,880

Assessed Improvement Value$112,480

Assessment Year2025

About this property

This newly remodeled 1 bedroom unit is move in ready, has SS appliances and granite in the kitchen with a great floor plan. This unit faces the pool, so you are steps away from a relaxing weekend in the sun. Washer and dryer connections so you do not need to use the public facility on the property. There has been extra closet space added between the bedroom and bath for clothes and storage. The air conditioner and compressor were replaced this past fall and have a transferable warranty. Perfect for a first time home buyer. This will not last long. Seller is willing to negotiate sale of refrigerator, washer and dryer.**Unit must be occupied by the buyer, cannot be used as a rental.**

Investor Tools

$151,360

Estimated Property Value

$129,709Estimated Mortgage Balance

$21,651Estimated Equity

14% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$908 /month

Positive

Cash Flow Estimate:

$303 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$332/month

$212/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,229

$151,360

2025

$38,880

$112,480

$151,360

Tax History

Year

Tax Paid

Assessed Value

2024

$3,229

$151,360

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Ally Bank

Conventional

$137,025

First

Jun 30, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$129,709

$21,651

14%

86%

$822/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,326/mo

$1,034/mo

+$292/mo

10.5%

Learn About the Market: Opportunity in Dallas

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