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Owner Contacts

$1,027,680

NAL Estimated Property Value

5656 N Central Expressway 205, Dallas, TX, 75206

Off Market

2 Beds

3 Bath

2,147 Sq Ft

Condos / Townhouses

$256.17 / sqft

Built in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator

FlooringCarpet, Wood

Exterior

Lot Size3.90 acres

Building Information

Year Built2005

Stories1

Roof Type172

Garage Spaces2

Land Information

APN00C45080000000205

Lot Number1

SubdivisionM Central Residences

Land UseResidential

Legal DescriptionM CENTRAL RESIDENCES CONDO BLK A/2939 PT LT 1 ACS 3.905 UNIT 205 CE%0.65 INT202300026321 DD02102023 CO-DC 2939 000 00100

Census Tract000300

Assessed Land Value$60,810

Assessed Improvement Value$966,870

Assessment Year2025

About this property

The Highland is a 9 story Residential Condo building, adjacent to the Highland Hotel with access to pool, Exhale Spa, Fitness Center, Party Room, Grill deck with two grills, Conference room, Courtyard with outdoor fireplace. 2147 sqft with very open layout, 2 bedrooms, study and 2.1 baths. Walk in closets in every bedroom and study. Separate Utility room and Pantry in the kitchen. Concierge 24-7. Valet from 7:00am to 10pm seven days a week, onsite Manager Monday thru Friday. Covered parking spaces are #405 & 406 and storage unit is G-1. Seller will give allowance for new carpet.

Investor Tools

$1,027,680

Estimated Property Value

$616,940Estimated Mortgage Balance

$410,740Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,166 /month

Positive

Cash Flow Estimate:

$2,055 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,966/month

$1,576/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,457

$1,027,680

2025

$60,810

$966,870

$1,027,680

Tax History

Year

Tax Paid

Assessed Value

2024

$18,457

$1,027,680

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Fairway Independent Mortgage Corp

Conventional

$656,250

First

Feb 10, 2023

Mar 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$616,940

$410,740

39%

60%

$3,935/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$5,511/mo

$-3,581/mo

2.3%

Learn About the Market: Opportunity in Dallas

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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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