B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$401,610

NAL Estimated Property Value

5609 Smu Boulevard 401, Dallas, TX, 75206

Off Market

2 Beds

2 Bath

1,217 Sq Ft

Condos / Townhouses

$319.64 / sqft

Built in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator

FlooringCarpet, Other

Exterior

Exterior FeaturesBalcony

Lot Size28,793 sqft

Building Information

Year Built2008

Stories3

Roof Type105

Garage Spaces2

Land Information

APN00C72140000000401

Land UseResidential

Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 401 CE%0.020342 INT201900134029 DD05232019 CO-DC 5187 00B 19A00 7DA5187 00B

Census Tract007914

Assessed Land Value$41,000

Assessed Improvement Value$360,610

Assessment Year2025

About this property

Great INVESTMENT Propertyand GREAT for College students going to SMU! Directly across from the Katy Trailhead and steps away from shops, restaurants and services. This 4th floor CONDO offers unbeatable convenience for people who love to live stress-free and on the go. This condo has an open floor plan with FABULOUS kitchen and living area, 2 bedrooms & 2 baths with washer & dryer included. Views of downtown. Amenities include a rooftop terrace, stylish owners' lounge, fitness center, dog park and sophisticated lobby.

Investor Tools

$401,610

Estimated Property Value

$0Estimated Mortgage Balance

$401,610Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,410 /month

Positive

Cash Flow Estimate:

$803 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$915/month

$314/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,976

$401,610

2025

$41,000

$360,610

$401,610

Tax History

Year

Tax Paid

Assessed Value

2024

$8,976

$401,610

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$401,610

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$314/mo

+$1,616/mo

5.8%

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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