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Owner Contacts

$449,000

NAL Estimated Property Value

2950 McKinney Avenue 426, Dallas, TX, 75204

Off Market

1 Beds

2 Bath

1,233 Sq Ft

Condos / Townhouses

$291.97 / sqft

Built in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Vented Exhaust Fan, Electric Water Heater

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters

Lot Size1.51 acres

Building Information

Year Built2006

Stories1

Roof Type172

Garage Spaces2

Land Information

APN00C46280000000426

Lot Number1

Land UseSfr - Condominiums

Legal DescriptionMERCER SQUARE CONDO BLK C/578 LT 1 ACS 1.505 UNIT 426 CE 0.013937 INT202300101521 DD05222023 CO-DC 0578 00C 00100 1DA0578 00C

Census Tract001703

Assessed Land Value$135,900

Assessed Improvement Value$284,100

Assessment Year2025

About this property

Top Floor, End Unit!! Walking distance to Whole Foods, restaurants, community parks and minutes from the DNT, West Village, Turtle Creek, Katy Trail, Downtown Biz District, Klyde Warren Park and Arts District. Located on the top floor of this 4 story building, this unit is at the rear of the building, so it does not front McKinney Ave. The 2 bedrooms are split. The owners suite is currently used as an office and exercise room. The owners suite bathroom features dual sinks, walkin closet and spa like tub_shower area. Murphy bed in guest bedroom will stay. Condo has 10 ft ceilings and plenty of natural light. Balcony accessed from living. Gated parking lot with 2 assigned spots. Community pool.

Investor Tools

$449,000

Estimated Property Value

$0Estimated Mortgage Balance

$449,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,694 /month

Positive

Cash Flow Estimate:

$898 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$910/month

$552/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,681

$420,000

2025

$135,900

$284,100

$420,000

Tax History

Year

Tax Paid

Assessed Value

2024

$8,681

$420,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$449,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,350/mo

$552/mo

+$1,798/mo

6.3%

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