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Owner Contacts

$649,900

5609 Ridgetown Circle, Dallas, TX, 75230

$700,838 ARV

Off Market

4 Beds

3 Bath

2,514 Sq Ft

Single Family Residence

$258.51 / sqft

Built in 1961

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Electric Oven

FlooringOther

Exterior

Private Pool

Exterior FeaturesOther

Lot Size16,957 sqft

Building Information

Year Built1961

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000576925000000

Lot Number11

SubdivisionMelshire

Land UseResidential

Legal DescriptionMELSHIRE ESTATES NO. 4 BLK 4/6380 LT 11 INT201800314414 DD11132018 CO-DC 6380 004 01100 1DA6380 004

Census Tract009604

Assessed Land Value$862,500

Assessed Improvement Value$389,360

Assessment Year2025

About this property

A beautiful Melshire Estates home with the original charm of the neighborhood. Lovely sun room overlooks the wonderful back yard and sparkling pool. The updated kitchen opens to dining room, main living, and sun room. Roomy with four bedrooms. Great outdoor lifestyle with pool, patio, and yard. Great for entertaining and family enjoyment. Prestigious Melshile Estates.

Investor Tools

$1,251,860

Estimated Property Value

$0Estimated Mortgage Balance

$751,206Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$700,838

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,511 /month

Positive

Cash Flow Estimate:

$2,504 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,741/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$14,638

$1,251,860

2025

$862,500

$389,360

$1,251,860

Tax History

Year

Tax Paid

Assessed Value

2024

$14,638

$1,251,860

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

V I P Mortgage Inc

Conventional

$548,250

First

Oct 22, 2021

Nov 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$500,654

$751,206

60%

40%

$3,288/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$3,288/mo

$-716/mo

2.5%

Learn About the Market: Opportunity in Dallas

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