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$320,000

5609 Smu Blvd Apt 505, Dallas, TX, 75206

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,025 Sq Ft
price_per_sqft$312.2 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee Owner

Highlights

Interior

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

Exterior

Lot Size28,793 sqft

Building Information

Year Built2008
Stories3
Roof Type105
Garage Spaces1

Land Information

APN00C72140000000505
Land UseResidential
Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 505 CE%0.017016 INT202000309336 DD11032020 CO-DC 5187 00B 19A00 7DA5187 00B
Census Tract007914
Assessed Land Value$34,300
Assessed Improvement Value$288,580
Assessment Year2025

About this property

Experience elevated urban living in this top-floor condo at the highly sought-after Shelby Residences, one of Dallas' most recognizable mid-rise communities. Built in 2008 and ideally located just steps from SMU. This spacious two-bedroom, two-bathroom residence offers the privacy of having no neighbors above, along with a thoughtfully designed split-bedroom floor plan, ideal for roommates, guests, or a dedicated home office. Freshly painted throughout, the home features oversized bedrooms, generous closets, and well-appointed bathrooms. The open-concept kitchen flows seamlessly into the dining and living areas, creating an inviting space that's perfect for everyday living or entertaining. Expansive windows and French doors leading to the private balcony fill the home with abundant natural light, enhancing its bright and airy feel. Residents enjoy exceptional community amenities, including a fully equipped fitness center, a large outdoor terrace overlooking the energy of SMU Boulevard, and secure gated parking. With walkable access to Southern Methodist University, shopping, dining, entertainment, and some of Dallas' best nightlife, this is an outstanding opportunity to own in one of the city's most desirable and connected locations.

Investor Tools

$212,402Estimated Mortgage Balance
$111,762Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,937 /month
Positive
Cash Flow Estimate:
$646 /month

Interested in this property?

Dania Gomez

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$736/month
$521/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,216
$322,880
2025
$34,300
$288,580
$322,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,216
$322,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Community Bank
Conventional
$237,630
No
First
Nov 3, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,402
$110,478
34%
66%
$1,425/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$1,946/mo
$-16/mo
7.2%

City: Dallas