Street View

B+

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Owner Contacts

$246,000

5200 Martel Avenue 11H, Dallas, TX, 75206

Off Market

1 Beds

2 Bath

952 Sq Ft

Condos / Townhouses

$252 / sqft

Built in 1981

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator

FlooringCarpet, Laminate, Slate

Exterior

Exterior FeaturesBalcony, Lighting

Lot Size6.01 acres

Building Information

Year Built1981

Stories2

Roof Type104

Land Information

APN00C47500000K00013

Lot Number11-28

SubdivisionMonticello Crossroads Ph I-Iii

Land UseResidential

Legal DescriptionMONTICELLO CROSSROADS PH I-III BLK A/2937 LOTS 11-28 & 1A BLDG K UNIT 13 CE .5707% INT202300069210 DD04072023 CO-DC 2937 00A

Census Tract000300

Assessed Land Value$74,730

Assessed Improvement Value$163,270

Assessment Year2025

About this property

Gated community. 1 bedroom with loft area moments from SMU, M Streets, Uptown, and Mockingbird Station. Granite counters, kitchen cabinets and interior paint completed March 2018. Large living with decorative wood burning fireplace. Loft, master bedroom, and full bath upstairs with extra storage closet. Loft could be used as second living or study. Master is spacious with walk in closet. All bathrooms and kitchen have slate floors. Neutral tones with lots of natural light. Enjoy the view of Glencoe Park from your balcony. Condo includes reserved spot in parking garage and open parking out front.

Investor Tools

$246,000

Estimated Property Value

$0Estimated Mortgage Balance

$55,768Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,476 /month

Positive

Cash Flow Estimate:

$492 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$394/month

$338/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,496

$238,000

2025

$74,730

$163,270

$238,000

Tax History

Year

Tax Paid

Assessed Value

2024

$3,496

$238,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Waterstone Mortgage Corp

Conventional

$130,000

First

Apr 7, 2023

May 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$190,232

$55,768

22%

77%

$1,200/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$1,538/mo

+$102/mo

8.0%

Learn About the Market: Opportunity in Dallas

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