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$492,000

NAL Estimated Property Value

807 Melba Street, Dallas, TX, 75208

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,139 Sq Ft
price_per_sqft$224.36 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringCarpet, Concrete, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size5,793 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces1

Land Information

APN00C4624000000000A
Lot Number9
Land UseResidential
Legal Description805 MELBA CONDOS BLK 171/3230 LT 9 ACS 0.133 UNIT A CE%50 INT202300225251 DD11022023 CO-DC 3230 171 00900 2DA3230 171
Census Tract004700
Assessed Land Value$115,860
Assessed Improvement Value$176,300
Assessment Year2025

About this property

Incredible opportunity to be in the heart of Bishop Arts District filled with the city's most iconic attractions, including trendy boutiques, acclaimed restaurants, and cultural venues. This stunning modern 2 bed 2.1 bath with flex area was built in 2015 and has been recently freshly updated. Step inside to discover an inviting open-concept layout, seamlessly connecting the living, dining, and kitchen areas. This spacious property features high ceilings, recently stained concrete floors, and tons of natural light. Enjoy the spacious kitchen, large island with quartz countertops and stainless-steel appliances. On the second floor, the primary suite is a true sanctuary, offering a private retreat with its own ensuite bath and a large 8x12ft walk-in closet. The additional bedroom is equally impressive with ensuite bath. Upstairs also includes beautiful hardwood floors, ample storage, and flex area perfect for an office space or second living. Side yard with grass is great for pets.

Investor Tools

Property Icon
$492,000
Estimated Property Value
$435,307Estimated Mortgage Balance
$56,693Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,952 /month
Positive
Cash Flow Estimate:
$984 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,090/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,617
$292,160
2025
$115,860
$176,300
$292,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,617
$292,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$456,000
No
First
Nov 2, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$435,307
$56,693
11%
88%
$2,734/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$2,734/mo
$-1,169/mo
3.8%

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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807 Melba Street | Property Details | No Agent List