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$441,000

NAL Estimated Property Value

2950 Mckinney Ave Apt 404, Dallas, TX, 75204

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,175 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$353.19 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesBalcony, Lighting
Lot Size1.51 acres

Building Information

Year Built2006
Stories1
Roof Type172

Land Information

APN00C46280000000404
Lot Number1
SubdivisionMercer Square Condo
Land UseResidential
Legal DescriptionMERCER SQUARE CONDO BLK C/578 LT 1 ACS 1.505 UNIT 404 CE 0.013140% INT202400014520 DD01182024 CO-DC 0578 00C 00100 1DA0578
Census Tract001703
Assessed Land Value$129,210
Assessed Improvement Value$282,040
Assessment Year2025

About this property

Urban living at its best! Mercer Square is conveniently located along the trolley line and on popular McKinney Avenue near eateries, shopping and night life. The open floor plan boasts 10' ceilings and has a balcony looking out towards the tops of all the green trees next to the complex. Hardwood floors throughout and large window with a lot of natural light. Kitchen has stainless steel appliances and fridge conveys. Separate bedrooms with spacious primary master suite and gorgeous spa-like bath including dual sinks and wet area complete with a large soaking tub and shower area with granite bench. 2 assigned parking spaces #40(covered) and #125 (uncovered)

Investor Tools

Property Icon
$441,000
Estimated Property Value
$368,509Estimated Mortgage Balance
$72,491Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,646 /month
Positive
Cash Flow Estimate:
$882 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$700/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,201
$411,250
2025
$129,210
$282,040
$411,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,201
$411,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$384,750
No
First
Jan 19, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$368,509
$72,491
16%
84%
$2,307/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,350/mo
$2,907/mo
$-557/mo
6.4%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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2950 Mckinney Ave Apt 404 | Property Details | No Agent List