B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$345,000

NAL Estimated Property Value

5609 Smu Boulevard 310, Dallas, TX, 75206

Off Market

2 Beds

2 Bath

1,158 Sq Ft

Condos / Townhouses

$272.02 / sqft

Built in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size28,793 sqft

Building Information

Year Built2008

Stories3

Roof Type105

Garage Spaces1

Land Information

APN00C72140000000310

Land UseResidential

Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 310 CE%0.019292 INT201900096043 DD04112019 CO-DC 5187 00B 19A00 7DA5187 00B

Census Tract007914

Assessment Year2025

About this property

Contemporary open concept condo on the third floor of the Shelby Residences. Enjoy the lock and leave lifestyle! The patio faces south and has a great view of downtown Dallas. Walking distance from numerous restaurants and bars including Torchy's Tacos, Twisted Root Burgers, Ozona's for Tex-Mex. Located right across from the post office and near a bike share station. Take advantage of the dog run, the fitness center on the second floor, the owners lounge and rooftop terrace with outdoor grills. Close to SMU, the start of the Katy Trail and Lower Greenville. You'll love the urban location!

Investor Tools

$345,000

Estimated Property Value

$223,369Estimated Mortgage Balance

$121,631Estimated Equity

35% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,070 /month

Positive

Cash Flow Estimate:

$690 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$786/month

$304/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,711

$345,000

2025

N/A

$345,000

Tax History

Year

Tax Paid

Assessed Value

2024

$7,711

$345,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Unknown

$225,000

First

Dec 22, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$223,369

$121,631

35%

65%

$1,349/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$1,653/mo

+$277/mo

6.7%

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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