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$1,072,000

NAL Estimated Property Value

5242 Merrimac Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,112 Sq Ft
price_per_sqft$497.16 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Garden
Lot Size7,620 sqft

Building Information

Year Built1930
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000239668000000
Lot Number10
SubdivisionGreenland Hills
Land UseResidential
Legal DescriptionGREENLAND HILLS BLK 20/2931 LT 10 INT202400059931 DD02282024 CO-DC 2931 020 01000 1002931 020
Census Tract000300
Assessed Land Value$381,000
Assessed Improvement Value$504,000
Assessment Year2025

About this property

Nestled in the heart of the M Streets, this 1930s Tudor blends timeless character with modern updates and amenities. Surrounded by mature trees and historic charm, the home welcomes you with gleaming wood floors, leaded stained-glass windows, detailed trim work, and a beautiful fireplace that anchors the living room. Multiple living areas, including a bright sunroom, spacious living room, and formal dining room, create an inviting and versatile layout.The kitchen is completed with stainless steel appliances, granite countertops and flows into a cozy breakfast nook, while a full-sized laundry room adds convenience. The large primary suite is a true retreat with a soaking tub, separate shower, dual vanities, and an expansive walk-in closet. Enjoy outdoor living with lush landscaping and a spacious side deck off the dining room, perfect for a quiet coffee or entertaining, along with a wood fence with electric gate and a detached two-car garage. Ideally located, this jewel box is zoned to Mockingbird Elementary, within walking distance to the shops and dining of Lower Greenville, and minutes from Hwy 75 for easy access around the city.

Investor Tools

Property Icon
$1,072,000
Estimated Property Value
$861,050Estimated Mortgage Balance
$210,950Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,432 /month
Positive
Cash Flow Estimate:
$2,144 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,567/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,444
$885,000
2025
$381,000
$504,000
$885,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,444
$885,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Unknown
$864,800
No
First
Feb 27, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$861,050
$210,950
19%
80%
$5,185/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$5,185/mo
$-2,755/mo
2.7%

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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