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$189,000

7925 Royal Lane Unit 112, Dallas, TX, 75230

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,032 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$183.14 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Lot Size2.34 acres

Building Information

Year Built1964
Stories1
Roof Type106

Land Information

APN00000706456970000
SubdivisionPark Royal Condominiums
Land UseResidential
Legal DescriptionPARK ROYAL CONDOMINIUMS BLK 3/7288 LT 2 BLDG F UNIT 112 CE 1.9111% INT202400089871 DD04302024 CO-DC 7288 003 00200 1007288
Census Tract013101
Assessment Year2026

About this property

You can't ask for a better location. This beautifully updated condo features an open floor plan located on the first floor, accompanied by a private, fenced backyard offering a grassy, pet-friendly area. The kitchen is a chef’s dream, complete with a large island, a five-burner stove, a built-in designer vent, granite countertops, and stainless-steel appliances. Custom-built barn door leading to spacious bedrooms, secondary bedroom windows with pool view, recently replaced HVAC system (2023), and the roof was replaced (2022). Refrigerator, washer, and dryer, family room TV stand will convey with the sale of the home. The condo is located just minutes away from The North Park Mall, The Shops at North Park, restaurants, shopping centers, and major highway 75N in less than a minute.

Investor Tools

$128,874Estimated Mortgage Balance
$86,126Estimated Equity
40% 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

Interested in this property?

Mekebeb Solomon

Fathom Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
$508/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,652
$215,000
2026
N/A
N/A
$215,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,652
$215,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$135,000
No
First
Apr 30, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$128,874
$86,126
40%
60%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,318/mo
+$352/mo
9.3%

City: Dallas

7925 Royal Lane Unit 112 | Property Details | No Agent List