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B+

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Owner Contacts

$280,000

5609 Smu Blvd Apt 507, Dallas, TX, 75206

Off Market

2 Beds

2 Bath

1,025 Sq Ft

Condos / Townhouses

$273.17 / sqft

Built in 2008

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater

FlooringCeramic Tile

Exterior

Exterior FeaturesBalcony, Dog Run

Lot Size28,793 sqft

Building Information

Year Built2008

Stories3

Roof Type105

Garage Spaces1

Land Information

APN00C72140000000507

Land UseResidential

Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 507 CE%0.017016 INT202000209152 DD08032020 CO-DC 5187 00B 19A00 7DA5187 00B

Census Tract007914

Assessed Land Value$34,300

Assessed Improvement Value$334,700

Assessment Year2025

About this property

This ideally located & sophisticated condo located in the heart of Dallas is ready for a new owner. This condo is paring practical design with a cosmopolitan feel. This home includes an abundance of natural light. As you enter the spacious living area and into the master bedroom, A wall of windows overlooks the amazing city skyline view. Elegant and timeless details that are striking yet unpretentious. 2 bedrooms and 2 full bathrooms with upgraded shelving in laundry and pantry.WASHER- DRYER AND FRIDGE TO CONVEY So close to SMU, Katy Trail and Mockingbird Station. If you want to see the city, jump on the convenient Dart line Just minutes to all the hot spots, great restaurants, shopping and more

Investor Tools

$369,000

Estimated Property Value

$0Estimated Mortgage Balance

$369,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,214 /month

Positive

Cash Flow Estimate:

$738 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$841/month

$318/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,247

$369,000

2025

$34,300

$334,700

$369,000

Tax History

Year

Tax Paid

Assessed Value

2024

$8,247

$369,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$369,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$318/mo

+$1,612/mo

6.3%

Learn About the Market: Opportunity in Dallas

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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.

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