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Owner Contacts

$566,300

NAL Estimated Property Value

2450 N Garrett Avenue 5, Dallas, TX, 75206

Off Market

2 Beds

3 Bath

1,618 Sq Ft

$309.02 / sqft

Built in 2019

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Cooktop, Plumbed For Ice Maker

FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size20,000 sqft

Building Information

Year Built2019

Stories3

Roof Type106

Garage Spaces2

Land Information

APN00C62950000000005

Lot Number1

Land UseResidential

Legal DescriptionROW AT BELMONT GARRETT CONDO BLK C/1993 LT 1 UNIT 5 CE%5.692 INT202200043163 DD02142022 CO-DC 1993 000 00100 1DA1993 000

Census Tract000901

Assessed Land Value$62,610

Assessed Improvement Value$503,690

Assessment Year2025

About this property

Welcome home to The Row! The Row is a brand new development of 18, one and two bedroom condominiums at Belmont and Garrett. Unit #5 is a spacious two-bedroom corner unit with a Private Garage and a walk-out balcony on the second floor. Inside, the hand-stained oak hardwood floors, tankless water heater, quartz countertops and premium Bosch Appliances add to the appeal.

Investor Tools

$566,300

Estimated Property Value

$437,023Estimated Mortgage Balance

$129,277Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,398 /month

Positive

Cash Flow Estimate:

$1,133 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$867/month

$190/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,570

$566,300

2025

$62,610

$503,690

$566,300

Tax History

Year

Tax Paid

Assessed Value

2024

$7,570

$566,300

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Sfmc Lp

Conventional

$475,000

First

Feb 14, 2022

Mar 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$437,023

$129,277

22%

77%

$2,848/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$3,038/mo

$-1,108/mo

4.1%

Learn About the Market: Opportunity in Dallas

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