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Owner Contacts

$200,000

5200 Martel Ave Apt 6q, Dallas, TX, 75206

Off Market

1 Beds

2 Bath

837 Sq Ft

Condos / Townhouses

$238.95 / sqft

Built in 1981

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator

FlooringCeramic Tile, Laminate

Exterior

Lot Size6.01 acres

Building Information

Year Built1981

Stories2

Roof Type104

Land Information

APN00C47500000F00015

Lot Number1A

SubdivisionMonticello Crossroads Ph I-Iii

Land UseResidential

Legal DescriptionMONTICELLO CROSSROADS PH I-III BLK A/2937 LTS 11-28 & LT 1A BLDG F UNIT 15 CE 0.5017% INT202100353354 DD11232021 CO-DC 2937

Census Tract000300

Assessed Land Value$65,700

Assessed Improvement Value$143,550

Assessment Year2025

About this property

$25K IN IMPROVEMENTS in this remodeled, move in ready unit steps from Glencoe Park, SMU, Greenville Avenue and more! New flooring throughout, new quartz countertops in kitchen and both baths, fresh paint and baseboards throughout, new lighting fixtures, plumbing fixtures, hot water heater, newer appliances, new keypad on front door. Fantastic opportunity to own and live in a turnkey condo in a prime location, also great for students and investors.

Investor Tools

$237,000

Estimated Property Value

$158,400Estimated Mortgage Balance

$92,078Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,422 /month

Positive

Cash Flow Estimate:

$474 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$345/month

$319/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,953

$209,250

2025

$65,700

$143,550

$209,250

Tax History

Year

Tax Paid

Assessed Value

2024

$2,953

$209,250

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Standard Mortgage Corp

Conventional

$158,400

First

Nov 23, 2021

Dec 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$144,922

$92,078

38%

61%

$950/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$1,269/mo

+$371/mo

8.3%

Learn About the Market: Opportunity in Dallas

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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.

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