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B+
NoAgentList RatingHow are grades calculated? Info
Days60Days on Market
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$323,000

5609 Smu Blvd Apt 205, Dallas, TX, 75206

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,025 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$315.12 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony
Lot Size28,793 sqft

Building Information

Year Built2008
Stories3
Roof Type105
Garage Spaces1

Land Information

APN00C72140000000205
Land UseResidential
Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 205 CE%0.017016 INT202200177606 DD06272022 CO-DC 5187 00B 19A00 7DA5187 00B
Census Tract007914
Assessed Land Value$34,300
Assessed Improvement Value$288,580
Assessment Year2025

About this property

SPECIAL ASSESSMENT TO BE PAID OFF AT CLOSING BY SELLER! A+ location near SMU, Mockingbird Station, and Greenville Ave! This chic 2-bedroom, 2-bath condo is ideally situated just minutes from Southern Methodist University and within close proximity to the Barr-McMillion Natatorium, offering exceptional convenience for both everyday living and fitness enthusiasts. Formerly the site of Carroll Shelby’s East Dallas Garage, now known as Shelby Residence, this contemporary building blends history with modern design and features outstanding amenities including outdoor living spaces, fitness center, clubhouse, dog walk area, gated garage with premium assigned parking, EV charging station ($8,000 upgrade), and a rooftop terrace with lounge seating, grills, and stunning Dallas skyline views. A 24-hour monitored surveillance system has been added to the interior and exterior, along with new exterior windows and updated stucco. This second-floor unit offers a spacious open-concept layout with a beautifully designed kitchen featuring quartz countertops, stainless steel appliances, and a large eat-in island. The primary suite includes a walk-in closet, and the split-bedroom floorplan provides flexibility for guests or a home office. Enjoy walkability to dining, shopping, and entertainment along SMU Blvd. Seller is open to leaving the home furnished—contact listing agent for details.

Investor Tools

Property Icon
$322,880
Estimated Property Value
$260,000Estimated Mortgage Balance
$80,102Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,938 /month
Positive
Cash Flow Estimate:
$646 /month

Interested in this property?

Jessica Perales

United Real Estate DFW

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
$521/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,004
$322,880
2025
$34,300
$288,580
$322,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,004
$322,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$260,000
No
First
Jun 27, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$242,778
$80,102
24%
75%
$1,336/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$1,857/mo
+$73/mo
7.2%

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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