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$960,000

NAL Estimated Property Value

5203 Mercedes Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,058 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$425.17 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Microwave, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,284 sqft

Building Information

Year Built1938
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000239575000000
Lot Number16
SubdivisionGreenland Hills 60'sec 2
Land UseResidential
Legal DescriptionGREENLAND HILLS 60'SEC 2 BLK 18/2929 LOT 16 CAUSE#91-8013-T INT202300248520 DD12112023 CO-DC 2929 018 01600 1002929 018
Census Tract000300
Assessed Land Value$364,200
Assessed Improvement Value$486,700
Assessment Year2025

About this property

This fabulous Tudor on a corner lot in the heart of the M streets offers all the charm you'd expect with a host of updated amenities, including three bedrooms, three full baths, a fabulous kitchen and a new detached garage. A beautiful stained glass window renders lovely light across the living room, which includes one of the home's two fireplaces. A gas cooktop and double oven and a delightful black-and-white tile floor highlight the kitchen, which leads to a large second living area. The primary suite is adjoined by a deck large enough for a morning coffee or evening drink.

Investor Tools

Property Icon
$960,000
Estimated Property Value
$382,483Estimated Mortgage Balance
$577,517Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,760 /month
Positive
Cash Flow Estimate:
$1,920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,655/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,066
$850,900
2025
$364,200
$486,700
$850,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,066
$850,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$400,000
No
First
Dec 11, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$382,483
$577,517
60%
40%
$2,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$2,399/mo
+$31/mo
3.0%

City: Dallas

5203 Mercedes Ave | Property Details | No Agent List