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B+
NoAgentList RatingHow are grades calculated?Info

$296,240

5200 Martel Ave Apt 9b, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,058 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$274.09 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave

Exterior

Exterior FeaturesCourtyard, Private Yard
Lot Size6.01 acres

Building Information

Year Built1981
Stories2
Roof Type104

Land Information

APN00C47500000J00001
Lot Number11-28
SubdivisionMonticello Crossroads Ph I-Iii
Land UseResidential
Legal DescriptionMONTICELLO CROSSROADS PH I-III BLK A/2937 LOTS 11-28 & 1A BLDG J UNIT 1 CE .6342% INT202000238302 DD08312020 CO-DC 2937 00A
Census Tract000300
Assessed Land Value$82,970
Assessed Improvement Value$213,270
Assessment Year2025

About this property

Beautifully updated, first floor corner condo, with private courtyard located near SMU, Glencoe Park, trendy shopping and restaurants, Greenville Ave., Katy Trail, and University Crossing bike and walking trail with direct access to Mockingbird Station. When you enter this private condo, you'll discover hardwood flooring, freshly painted cabinets and walls. a cozy living room, kitchen featuring granite countertops, all appliances are included. Seller added a safety rail along the staircase for ultimate piece of mind. Recent updates include new paint, lighting, carpet, and window blinds throughout. The primary suite boasts a modern, renovated bath, while both bedrooms offer generous space. This condo also includes a private patio to enjoy quite time or gatherings with friends as well as a Community Clubhouse and Pool. Welcome to low maintenance living in a prime location near shopping, dining, and major commuter routes. Don't miss out on this turnkey condo in the heart of Dallas!

Investor Tools

Property Icon
$296,240
Estimated Property Value
$0Estimated Mortgage Balance
$296,240Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,777 /month
Positive
Cash Flow Estimate:
$592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
$505/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,199
$296,240
2025
$82,970
$213,270
$296,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,199
$296,240

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$296,240
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$505/mo
+$1,425/mo
7.8%

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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5200 Martel Ave Apt 9b | Property Details | No Agent List