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$211,680

NAL Estimated Property Value

5215 Colonial Ave, Dallas, TX, 75215

$226,320 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,131 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.05 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet, Laminate

Exterior

Lot Size7,000 sqft

Building Information

Year Built2003
Stories1
Roof Type105

Land Information

APN00000207982000000
Lot Number40
SubdivisionErvay Place
Land UseResidential
Legal DescriptionERVAY PLACE BLK 2248 LT 40 COLONIAL INT202500138465 DD06302025 CO-DC 2248 000 04000 1002248 000
Census Tract020900
Assessed Land Value$63,000
Assessed Improvement Value$148,680
Assessment Year2025

About this property

This charming 3-bedroom, 1-bath home offers 1,131 square feet of potential and is ideal for investors or savvy buyers looking to customize a space to their liking. Situated on a generously sized lot, the large backyard provides endless possibilities—perfect for entertaining, gardening, or future expansion. The home features a classic brick exterior and a covered front porch, offering curb appeal and a welcoming entry. Inside, you’ll find a functional layout with great bones, ready for your personal touch. Located just minutes from major freeways, this property offers quick access to all that Dallas has to offer. Enjoy being a short drive from the vibrant shops and restaurants of the Bishop Arts District, as well as cultural hot spots like Downtown Dallas, Deep Ellum, and Fair Park. Whether you're looking for a fix-and-flip, hold, or rental opportunity, this home is a must-see.

Investor Tools

Property Icon
$211,680
Estimated Property Value
$171,752Estimated Mortgage Balance
$39,928Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$226,319
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,270 /month
Positive
Cash Flow Estimate:
$423 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$413/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,900
$211,680
2025
$63,000
$148,680
$211,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,900
$211,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
National Loan Funding Llc
Commercial
$172,500
No
First
Feb 27, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,752
$39,928
18%
81%
$1,035/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,035/mo
+$937/mo
11.2%

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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5215 Colonial Ave | Property Details | No Agent List