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$499,500

4050 Mckinney Avenue 12, Dallas, TX, 75204

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths1,511 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$330.58 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Private Entrance, Private Yard
Lot Size18,325 sqft

Building Information

Year Built2003
Stories3
Roof Type106
Garage Spaces2

Land Information

APN00C38770000100002
Lot Number3A
SubdivisionKensington Court Condos
Land UseResidential
Legal DescriptionKENSINGTON COURT CONDOS BLK 1/1517 LT 3A ACS 0.4207 BLDG 1 UNIT 2 CE% 1.0 INT202200191217 DD07112022 CO-DC 1517 001 03A
Census Tract000703
Assessed Land Value$160,280
Assessed Improvement Value$375,720
Assessment Year2025

About this property

This light-filled corner-unit condo in Kensington Court offers three thoughtfully designed levels and an unbeatable location directly across from Cole Park. The main living level features an open-concept living, dining, and kitchen space with wood flooring throughout, abundant natural light, and a bright, updated kitchen ideal for both everyday living and entertaining. A private balcony also extends the living space outdoors. Upstairs, the home offers two bedrooms, including a spacious primary suite with a walk-in closet and an ensuite bath featuring a soaking tub. A separate guest bedroom and full guest bath provide flexibility for visitors or a home office. The first level includes a two-car attached garage complete with a Tesla charger, access to a downstairs entry hall, and a private turfed yard—perfect for low-maintenance outdoor enjoyment.  HOA includes structural and grounds maintenance, water, gas, trash removal and more! Convenient guest parking just outside the front door. Just steps away, 7-acre Cole Park offers tennis and pickleball courts, trails, a playground, and more. Located just minutes from West Village, the Katy Trail, SMU, and I-75, this move-in ready condo blends modern comfort with a highly walkable, connected urban lifestyle in the heart of Dallas.

Investor Tools

$0Estimated Mortgage Balance
$575,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

Interested in this property?

Jamie Kohlmann

Dave Perry Miller Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$964/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,689
$536,000
2025
$160,280
$375,720
$536,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,689
$536,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$575,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,350/mo
$500/mo
+$1,850/mo
4.9%

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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