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$1,088,000

NAL Estimated Property Value

5616 Martel Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.64 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Tankless Water Heater
FlooringHardwood

Exterior

Lot Size3,898 sqft

Building Information

Year Built2023
Stories2
Roof Type106
Garage Spaces2

Land Information

APN002909000B0050000
Lot Number5
Land UseResidential
Legal DescriptionGREENLAND HILLS ANNEX BLK B/2909 W 1/2 LT 5 ACS 0.0895 INT202400021825 DD02012024 CO-DC 2909 00B 00500 3DA2909 00B
Census Tract000300
Assessed Land Value$194,900
Assessed Improvement Value$779,760
Assessment Year2025

About this property

Welcome to 5616 Martel Avenue, an elegantly fully furnished residence that invites refined living in the heart of Dallas. This exquisite home includes three spacious bedrooms and two and a half luxurious bathrooms, each thoughtfully designed with modern comforts. The open-concept living space is adorned with tasteful furnishings that complement the home’s sophisticated aesthetic. The gourmet kitchen is equipped with high-end appliances and ample counter space for entertaining. The primary suite is a serene sanctuary separated on the second floor, featuring a beautiful ensuite full bathroom and walk-in closet. Step outside to discover a charming outdoor space, including an outdoor fireplace, perfect for relaxation and entertaining. This residence offers an unparalleled living experience, ready for you to move in and enjoy.

Investor Tools

Property Icon
$1,088,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,088,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,528 /month
Positive
Cash Flow Estimate:
$2,176 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,567
$974,660
2025
$194,900
$779,760
$974,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,567
$974,660

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,088,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
N/A
+$2,430/mo
2.7%

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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5616 Martel Ave | Property Details | No Agent List