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$1,075,000

5406 Ridgedale Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,116 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$508.03 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Convection Oven
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,700 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000204118000000
Lot Number2
SubdivisionGreenland Hills 1st Section
Land UseResidential
Legal DescriptionGREENLAND HILLS 1ST SECTION BLK K/2179 LT 2 & W 5' LT 3 INT202500001777 DD01032025 CO-DC 2179 00K 00200 1002179 00K
Census Tract000300
Assessed Land Value$609,000
Assessed Improvement Value$311,500
Assessment Year2025

About this property

Step inside this picturesque Tudor home conveniently located the lovely Greenland Hills neighborhood. A wooden front door with a distinctive portal window opens to a charming foyer with a marble floor and an archway. The layout is an advantage with the kitchen and a second living room behind common areas. Polished wood floors flow throughout the splendid 2116 square-foot home, which has three bedrooms and two baths, all of which are updated and contemporary in tone. Vaulted ceilings, recessed lighting and crown molding add stylish touches. An assortment of large windows let natural light glow. The location is an M Streets favorite, convenient to Knox St. and Greenville Ave. entertainment. The modern kitchen has a spacious island, beautiful counters, and cabinets for plenty of storage, perfect for entertaining. Stepping off a deck and into the backyard is a breath of fresh air. The green space is intimate and perfect for hosting work colleagues, friends, and family under the stars. *** Available for LEASE as well, $6,350.00***

Investor Tools

Property Icon
$942,000
Estimated Property Value
$1,000,000Estimated Mortgage Balance
$0Estimated Equity
-6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,450 /month
Positive
Cash Flow Estimate:
$2,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,647/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,057
$920,500
2025
$609,000
$311,500
$920,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,057
$920,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midfirst Bank
Commercial
$1,000,000
No
First
Jan 3, 2025
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$976,362
N/A
0%
104%
$5,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$5,996/mo
$-3,566/mo
3.1%

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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5406 Ridgedale Ave | Property Details | No Agent List