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$257,540

NAL Estimated Property Value

5609 Smu Blvd Apt 402, Dallas, TX, 75206

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths752 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.53 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Range, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
FlooringCarpet

Exterior

Exterior FeaturesBalcony, Fire Pit, Lighting, Outdoor Grill
Lot Size28,793 sqft

Building Information

Year Built2008
Stories3
Roof Type105
Garage Spaces1

Land Information

APN00C72140000000402
Land UseResidential
Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 402 CE%0.012324 INT201500320976 DD12032015 CO-DC 5187 00B 19A00 7DA5187 00B
Census Tract007914
Assessment Year2025

About this property

Famous for being one of Carroll Shelby’s garages, this fabulous Contemporary building has been re-imagined into a chic, modern living space! Located within walking distance to SMU, Mockingbird Station, The Katy Trail, restaurants, and shopping! This cozy 1 bed, 1 bath condo has been impeccably maintained and features an open floor plan with floor to ceiling windows, remote control motorized blinds, and a private balcony overlooking the SMU campus & Bush Library. With sleek lines and modern updates, the unit is flooded with natural light. Washer, dryer, and refrigerator all under a year old and are included. Building amenities include a resident gym, a community lounge with kitchen and living room, a large outdoor grilling & gathering area, and a fenced dog run. Resident parking garage is secure, gated, and includes one reserved parking spot. This is a gorgeous unit in a gorgeous building in a great location!

Investor Tools

Property Icon
$257,540
Estimated Property Value
$215,058Estimated Mortgage Balance
$42,482Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,545 /month
Positive
Cash Flow Estimate:
$515 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,756
$257,540
2025
N/A
N/A
$257,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,756
$257,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$216,310
No
First
Jan 22, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,058
$42,482
16%
84%
$1,297/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,297/mo
+$343/mo
7.6%

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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5609 Smu Blvd Apt 402 | Property Details | No Agent List