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Owner Contacts

$1,159,000

NAL Estimated Property Value

5415 Melrose Avenue, Dallas, TX, 75206

Off Market

4 Beds

4 Bath

3,005 Sq Ft

$299.17 / sqft

Built in 2020

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Other, Plumbed For Ice Maker, Vented Exhaust Fan, Tankless Water Heater

FlooringCarpet, Ceramic Tile, Other, Terrazzo, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Other

Lot Size3,485 sqft

Building Information

Year Built2019

Stories2

Roof Type106

Garage Spaces2

Land Information

APN00000188014000100

Lot Number27

Land UseResidential

Legal DescriptionVICKERY PLACE BLK 30/1949 E LT 27 ACS 0.08 INT202000182919 DD07082020 CO-DC 1949 030 02701 1001949 030

Census Tract001002

Assessed Land Value$209,100

Assessed Improvement Value$833,160

Assessment Year2025

About this property

Fresh modern architecture makes this new build by Fairmont Homes stand out from the rest.Conveniently located steps away from the best of Knox-Henderson & Lower Greenville.Rare 4 Bed 4 Bath+covered outdoor living w built-in grill+large grass backyard!High-end designer finishes include smooth drywall finish,white oak hardwoods,venetian plaster accents,expansive windows & the list goes on…AMAZING kitchen boast double islands w waterfall marble c-tops & built-in paneled appliances.Master retreat is just that;a retreat.Rift cut white oak dbl vanity,free standing tub,a shower for 2,and a closet for 3.Each bedrm has its own en-suite bath.

Investor Tools

$1,159,000

Estimated Property Value

$770,560Estimated Mortgage Balance

$388,440Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,954 /month

Positive

Cash Flow Estimate:

$2,318 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,424/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$23,295

$1,042,260

2025

$209,100

$833,160

$1,042,260

Tax History

Year

Tax Paid

Assessed Value

2024

$23,295

$1,042,260

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Summit Funding Inc

Conventional

$570,400

First

Jul 8, 2020

Aug 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$770,560

$388,440

33%

66%

$5,211/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,170/mo

$5,211/mo

$-2,041/mo

3.3%

Learn About the Market: Opportunity in Dallas

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