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Owner Contacts

$940,000

5409 Melrose Ave, Dallas, TX, 75206

Off Market

3 Beds

3 Bath

2,603 Sq Ft

Duplex

$1.92 / sqft

Built in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater

FlooringCeramic Tile, Concrete, Wood

Exterior

Lot Size3,485 sqft

Building Information

Year Built2014

Stories2

Roof Type172

Garage Spaces2

Land Information

APN00000188017000100

Lot Number28

Land UseResidential

Legal DescriptionVICKERY PLACE BLK 30/1949 PT LT 28 ACS 0.080 WEST 1/2 DUPLEX INT202200185866 DD07012022 CO-DC 1949 030 02800 1001949 030

Census Tract001002

Assessed Land Value$209,100

Assessed Improvement Value$614,900

Assessment Year2025

About this property

Architecturally significant and meticulously designed modern home in the heart of the vibrant Knox Henderson-Lower Greenville corridor. Finish out includes museum finish walls, Imported Porcelanosa tile, Valcucine cabinets, commercial grade doors & windows, Miele appliances, Moen fixtures, cesarstone quartz counters, floor to ceiling windows, and an attention getting full glass center courtyard. This property far exceeds its competition and lives large. Designed perfectly for everyday urban living. 3 large bedrooms with an additional office. Exterior courtyard and built in grill with serene fountain. Impeccable curb appeal at a distinct 5 way intersection surrounded with architecturally unique modern homes.

Investor Tools

$940,000

Estimated Property Value

$708,000Estimated Mortgage Balance

$282,622Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,640 /month

Positive

Cash Flow Estimate:

$1,880 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,957/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,782

$824,000

2025

$209,100

$614,900

$824,000

Tax History

Year

Tax Paid

Assessed Value

2024

$18,782

$824,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Luxury Mortgage Corp

Conventional

$708,000

First

Jul 1, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$657,378

$282,622

30%

70%

$4,245/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,430/mo

$4,245/mo

$-1,815/mo

3.1%

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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