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$119,900

5315 Colonial Ave, Dallas, TX, 75215

$155,870 ARVInfo
On MarketInfo
Beds6 Beds
Baths2 Bath
Baths1,680 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$71.37 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesOther

Exterior

Lot Size7,000 sqft

Building Information

Year Built2020
Stories1
Roof Type105

Land Information

APN00000207961000000
Lot Number33
SubdivisionErvay Place
Land UseResidential
Legal DescriptionERVAY PLACE BLK 2248 LT 33 COLONIAL INT202000300182 DD10292020 CO-DC 2248 000 03300 1002248 000
Census Tract020900
Assessed Land Value$63,000
Assessed Improvement Value$344,150
Assessment Year2025

About this property

Attention investors! This newer-construction duplex offers 3-bedroom, 1-bath per side and offers a strong opportunity to add a low-maintenance rental property to your portfolio. Property features an open- concept layout, located in the rapidly developing South DallasF air Park area, the property provides convenient access to Downtown Dallas, major highways, public transit, Fair Park, and employment centers. The area continues to experience redevelopment and investment activity, creating long-term appreciation potential. This property has One Address, Duplex that both sides being sold together, each side A & B are a 3 bedroom 1 full bath, each have one living area and a kitchen. Each duplex has its own private backyard with wood fence. Property needs repairs

Investor Tools

Property Icon
$407,150
Estimated Property Value
$250,000,000Estimated Mortgage Balance
$0Estimated Equity
-61302% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$155,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,443 /month
Positive
Cash Flow Estimate:
$814 /month

Interested in this property?

Benjamin Deanda

RE/MAX Cross Country

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$767/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,164
$407,150
2025
$63,000
$344,150
$407,150
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,164
$407,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commonwealth Annuity And Life Insurance
Commercial
$250,000,000
No
First
Oct 29, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,107,313
N/A
0%
54552%
$1,498,877/mo

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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5315 Colonial Ave | Property Details | No Agent List