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$827,000

NAL Estimated Property Value

5515 Martel Avenue, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,911 Sq Ft
price_per_sqft$231.88 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Fire Pit, Rain Gutters
Lot Size3,050 sqft

Building Information

Year Built2007
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00000239089000100
Lot Number4
SubdivisionCorwins
Land UseResidential
Legal DescriptionCORWINS BLK N/2919 LT 4 E 1/2 INT202100341720 DD11102021 CO-DC 2919 00N 00401 1002919 00N
Census Tract000300
Assessed Land Value$152,500
Assessed Improvement Value$642,650
Assessment Year2025

About this property

Sophisticated, two-story duplex in the M Streets! Large windows line the East side of the home allowing an abundance of natural light all while being completely private. Upstairs boasts the primary bedroom suite complete with fireplace and two walk-in closets, two secondary bedrooms and also an additional large living area perfect for entertaining. Private office downstairs makes this home complete for life, work and play. Outdoors you will find a large covered outdoor patio with built-in fireplace, gas hook-up for a grill and turfed yard space. Excellent opportunity in a convenient location.

Investor Tools

Property Icon
$827,000
Estimated Property Value
$311,069Estimated Mortgage Balance
$515,931Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,962 /month
Positive
Cash Flow Estimate:
$1,654 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,493/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,783
$795,150
2025
$152,500
$642,650
$795,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,783
$795,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$340,000
No
First
Nov 10, 2021
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$311,069
$515,931
62%
38%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$2,039/mo
+$391/mo
3.5%

City: Dallas

5515 Martel Avenue | Property Details | No Agent List