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$270,720

NAL Estimated Property Value

5609 Smu Blvd Apt 502, Dallas, TX, 75206

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths752 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$325.8 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony
Lot Size28,793 sqft

Building Information

Year Built2008
Stories3
Roof Type105
Garage Spaces1

Land Information

APN00C72140000000502
Land UseResidential
Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 502 CE%0.012324 INT202400085133 DD04262024 CO-DC 5187 00B 19A00 7DA5187 00B
Census Tract007914
Assessment Year2025

About this property

THIS LOCATION IS FANTASTIC! Situated in the vibrant heart of Dallas, The Shelby Residences exude the energy of urban living with easy access to several iconic Dallas areas. Whether its the richness of downtown, the upscale offerings of Uptown, or the artistic vibe of Deep Ellum, you will love this location. For those seeking luxury shopping or dining, Highland Park Village and NorthPark Centre are 10 min away. Unit 502 is a 1 bed, 1 bath condo, thoughtfully designed to enhance your lifestyle. The open layout is roomy and bathed in natural light, creating a bright and inviting ambiance. The energy-efficient kitchen showcases a contemporary design with quartz counters, pantry, SS appliances, and kitchen island, while porcelain tile flooring graces the main living areas, creating an atmosphere of warmth and elegance. The bedroom features carpeting, tall ceilings and a spacious walk-in custom closet. The bathroom features a walk in shower and quartz counters. SEE THIS ONE TODAY!!

Investor Tools

Property Icon
$270,720
Estimated Property Value
$228,739Estimated Mortgage Balance
$41,981Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,624 /month
Positive
Cash Flow Estimate:
$541 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
$344/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,051
$270,720
2025
N/A
N/A
$270,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,051
$270,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nextmortgage Llc
Conventional
$237,650
No
First
Apr 24, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,739
$41,981
15%
84%
$1,425/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,769/mo
$-129/mo
7.3%

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 502 | Property Details | No Agent List