Leased 1BR Condo
8110 Skillman Street Unit 2085 Dallas, TX 75231
For Sale
$105,000
1-bedroom, 1-bath condo currently leased through October 2027, offering established monthly rental income.
Property Size608 SF
Price / SF$172.70
Days on Market28
Property Features for 8110 Skillman Street Unit 2085
General Information
Standard status
Active
Size
608 SF
Property subtype
Multi-Family / Multiple Single Units
Building Details
Year Built
1980
Listing Agency:
Springer Realty
(817) 658-2477
Listed By:
Jill Springer · License #0513554
(817) 658-2477
Source:
Compass
Added: Jul 1
Changed: Jul 22
Last Checked: Jul 27 at 11:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Springer Realty
Investment Insights
Based on property information with market context.
This income-producing condo features a functional 1-bedroom, 1-bath layout designed for low-maintenance ownership. Unit 2085 is currently leased through October 2027, supporting immediate rental income for an investor from day one.
The property is located at 8110 Skillman Street in Dallas and served by Richardson ISD.
With a long-term tenant already in place, the unit presents an opportunity to add to an investment portfolio with existing rental income.
The property is located at 8110 Skillman Street in Dallas and served by Richardson ISD.
With a long-term tenant already in place, the unit presents an opportunity to add to an investment portfolio with existing rental income.
Key Highlights
- 1‑bedroom, 1‑bath condo currently leased through October 2027
- Currently leased for $1,000 per month, providing established rental income
- Located within Richardson ISD
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $30.96 |
| − Vacancy | −$2.0k | −$3.31 |
| EGI | $16.8k | $27.65 |
| − OpEx | −$7.6k | −$12.44 |
| NOI | $9.2k | $15.21 |
608 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$132.1K
$115.6K – $154.1K
NOI $9,245 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$729.5K
$638.4K – $851.1K
NOI $51,068 @ 7.0% cap · market cap 48.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - 1-bedroom, 1-bath condo currently leased through October 2027, offering established monthly rental income.
Where is this residential income property located?
The property is located at 8110 Skillman Street Unit 2085 Dallas, TX.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condo currently leased through October 2027; Currently leased for $1,000 per month, providing established rental income; Located within Richardson ISD
