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Owner Contacts

$674,000

NAL Estimated Property Value

5624 Martel Avenue, Dallas, TX, 75206

Off Market

4 Beds

4 Bath

2,080 Sq Ft

Duplex

$237.98 / sqft

Built in 1946

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher

FlooringCeramic Tile, Wood

Exterior

Lot Size7,799 sqft

Building Information

Year Built1946

Stories1

Roof Type105

Land Information

APN00000238774000000

Lot Number7

SubdivisionGreenland Hills Annex

Land UseResidential

Legal DescriptionGREENLAND HILLS ANNEX BLK B/2909 LOT 7 INT202500008365 DD01132025 CD-DC 2909 00B 00700 3DA2909 00B

Census Tract000300

Assessed Land Value$389,950

Assessed Improvement Value$121,590

Assessment Year2025

About this property

***MULTIPLE OFFERS RECEIVED - Offer Deadline SUN 05-09-21 at 5PM*** Tons of potential on this cute Tudor style M-street duplex literally just steps from Greenville Ave! One side leased, one side vacant - great investment opportunity! Mirror units both have two bedrooms, 1.5 baths. Fenced backyard in back. The most fantastic location next to Greenville, Mockingbird Station, 75-Central and just minutes to downtown Dallas, Northpark Mall, restaurants, shopping and more!

Investor Tools

$674,000

Estimated Property Value

$1,493,834Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,044 /month

Positive

Cash Flow Estimate:

$1,348 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,379/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,178

$511,540

2025

$389,950

$121,590

$511,540

Tax History

Year

Tax Paid

Assessed Value

2024

$13,178

$511,540

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Dallas Capital Bank Na

Commercial

$1,530,000

First

Jan 13, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,493,834

N/A

222%

$9,174/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,170/mo

$9,174/mo

$-6,004/mo

5.6%

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