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Owner Contacts

$640,000

NAL Estimated Property Value

8611 Cherry Hill Dr, Dallas, TX, 75243

Off Market

3 Beds

2 Bath

2,357 Sq Ft

$253.71 / sqft

Built in 1992

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesSome Gas Appliances, Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Plumbed For Gas

FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size6,345 sqft

Building Information

Year Built1992

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00752200160620000

Lot Number62

SubdivisionRoyal Lane Village

Land UseResidential

Legal DescriptionROYAL LANE VILLAGE BLK 16/7522 LOT 62 INT202400057070 DD03192024 CO-DC 7522 016 06200 3DA7522 016

Census Tract007805

Assessed Land Value$200,000

Assessed Improvement Value$400,080

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED! PLEASE SUBMIT HIGHEST AND BEST BY 9:00 A.M., FEB 15, 2024. Welcome to this exquisite one-story residence nestled within the prestigious walled subdivision of Royal Lane Village. Boasting a captivating blend of luxury & convenience, this zero-lot home offers a sophisticated lifestyle with a hardwood entry and a sense of openness and space. The carefully designed open floor plan seamlessly connects the various living areas, providing an ideal setting for both entertaining & everyday living. The heart of this home is its large primary suite, a sanctuary of comfort & style. With ample space and tasteful design, the primary suite offers a retreat-like atmosphere. A conveniently located study off the primary suite provides a private & quiet space, perfect for a home office or a cozy reading nook. Adding to the allure of this residence is a charming courtyard, a private outdoor oasis that beckons you to unwind and enjoy the beauty of your surroundings.

Investor Tools

$640,000

Estimated Property Value

$406,957Estimated Mortgage Balance

$233,043Estimated Equity

36% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,840 /month

Positive

Cash Flow Estimate:

$1,280 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$817/month

$265/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,600

$600,080

2025

$200,000

$400,080

$600,080

Tax History

Year

Tax Paid

Assessed Value

2024

$6,600

$600,080

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Gardner Financial Services Ltd

Conventional

$423,500

First

Mar 20, 2024

Apr 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$406,957

$233,043

36%

64%

$2,540/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$2,805/mo

$-833/mo

3.7%

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