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$67,000

6050 Melody Lane Unit 215, Dallas, TX, 75231

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths445 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$150.56 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Microwave, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Lot Size8.07 acres

Building Information

Year Built1979
Roof Type105

Land Information

APN00000394929240000
Land UseResidential
Legal DescriptionTEALWOOD ON THE CREEK CONDO BLK M/5414 ACS 8.072 BLDG D UNIT 215 & 0.2628% CE INT202400114964 DD05312024 CO-DC 5414 00M 00000
Census Tract007819
Assessed Land Value$13,870
Assessed Improvement Value$58,460
Assessment Year2026

About this property

Beautifully updated 1-bedroom, 1-bath condo on the 2nd floor with assigned parking of a gated community in the heart of East Dallas! A welcoming living room for your gatherings and an alley kitchen with a view. A cozy bedroom for a restful night or to decompress. The private balcony offers a peaceful retreat for your morning coffee. Conveniently located near shopping, dining, and commuter routes, this property combines comfort and location.

Investor Tools

$0Estimated Mortgage Balance
$75,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$450 /month
Positive
Cash Flow Estimate:
$150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,683
$72,330
2026
$13,870
$58,460
$72,330
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,683
$72,330

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$75,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$195/mo
+$1,131/mo
21.2%

City: Dallas

6050 Melody Lane Unit 215 | Property Details | No Agent List