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$215,000

NAL Estimated Property Value

8404 Forest Lane 1203, Dallas, TX, 75243

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,129 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$187.78 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesStorage
Lot Size4.70 acres

Building Information

Year Built1984
Stories1
Roof Type105

Land Information

APN00C22430000L01203
Lot Number2
SubdivisionForest Point Tnhm Condos Ph I-Ii
Land UseResidential
Legal DescriptionFOREST POINT TNHM CONDOS PH I-II BLK 1/7501 LOT 2 4.7042 ACS. BLDG. L UNIT 1203 C.E. 1.729% INT202200210184 DD07282022 CO-DC
Census Tract007805
Assessed Land Value$63,770
Assessed Improvement Value$151,230
Assessment Year2025

About this property

Mutiple offers received. Seller has accepted one of the offers. Move-in ready, Gated complex! 2-story townhome condo, Remodeled throughout, 2 Bedrooms, 2 full baths-feature Jacuzzi tubs in both bathrooms, Spacious-Open Floor plan, Fresh paint throughout, Newly installed-Premium grade rigid core waterproof vinyl plank floor in living area and 1st fl Bedroom, New carpet installed from ground up. Both Master and 2nd Bedroom with Walk-In Closets, Updated Kitchen with Granite Countertops, Wood burning fireplace, Tile in kitchen and bathrooms, Private Patio accessed from living area, Large Utility room, Bonus Exterior storage room, HOA covers master insurance, common area, pool, foundation, roof, water. Additional insulation added in 2020 for energy saving, New AC unit and furnace were replaced in July 2020. Community Pool, Two Assigned Covered Parking, Just minutes to 635, 75, White Rock Lake, Texas Instruments, Airports and Downtown

Investor Tools

Property Icon
$215,000
Estimated Property Value
$103,992Estimated Mortgage Balance
$111,008Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$182/month
$383/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,114
$215,000
2025
$63,770
$151,230
$215,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,114
$215,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$112,000
No
First
Jul 28, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,992
$111,008
51%
48%
$672/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,055/mo
+$510/mo
8.7%

City: Dallas

8404 Forest Lane 1203 | Property Details | No Agent List