B+

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Owner Contacts

$189,900

5740 Martel Avenue A09, Dallas, TX, 75206

Off Market

1 Beds

2 Bath

863 Sq Ft

Condos / Townhouses

$220.05 / sqft

Built in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

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

FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1.04 acres

Building Information

Year Built1983

Stories2

Roof Type105

Garage Spaces1

Land Information

APN00C026500000000A9

Lot Number4-5

SubdivisionAshton South Condos

Land UseResidential

Legal DescriptionASHTON SOUTH CONDOS BLK A/2894 PT LTS 4 & 5 UNIT A9 CE 2.3430% INT202000192268 DD07242020 CO-DC 2894A000 004 1002894A000

Census Tract000202

Assessed Land Value$58,380

Assessed Improvement Value$178,950

Assessment Year2025

About this property

Uniquely amazing contemporary townhome (no one above you) style 1 bedroom 1.5 bath condo with 2 Fireplaces offering an organized, luxury lifestyle in this M Street, GATED community. Stunning hardwoods in this open floor plan, large living, & dining with covered balcony overlooking highly landscaped grounds & pool. European style cabinetry, under lights, stainless, concrete breakfast bar. Modern light fixtures, built-in understair wine rack & powder bath on 1st level. 2nd Floor generous Master Suite giant closet, Built-in storage surrounds windows, largeBathroom with vanity, & utility closet. 5 min drive to Train (Mockingbird Station), I-75, 10 min Downtown. Dallas, Walk to M street entertainment & shops.

Investor Tools

$248,000

Estimated Property Value

$0Estimated Mortgage Balance

$124,760Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,488 /month

Positive

Cash Flow Estimate:

$496 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$349/month

$255/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,945

$237,330

2025

$58,380

$178,950

$237,330

Tax History

Year

Tax Paid

Assessed Value

2024

$2,945

$237,330

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Academy Mortgage Corp

Conventional

$139,000

First

Jul 24, 2020

Aug 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$123,240

$124,760

50%

$834/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$1,089/mo

+$551/mo

7.9%

Learn About the Market: Opportunity in Dallas

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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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