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$945,000

5606 Mercedes Ave, Dallas, TX, 75206

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,788 Sq Ft
price_per_sqft$528.52 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator, Wine Cooler
FlooringStone, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,800 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000205144000000
Lot Number2
SubdivisionGreenland Hills 60ft Sec
Land UseResidential
Legal DescriptionGREENLAND HILLS 60FT SEC BLK 3/2195 LT 2 INT202100221390 DD07232021 CO-DC 2195 003 00200 1002195 003
Census Tract000300
Assessed Land Value$546,000
Assessed Improvement Value$332,690
Assessment Year2025

About this property

Step into a piece of Dallas history at 5606 Mercedes Avenue. This 1926 built gem in the coveted Greenland Hills subdivision is a masterclass in preservation, honoring its M Streets Tudor roots with every thoughtful detail. The experience begins at the arched front doorway, which opens into a light filled interior where the home’s original character takes center stage. The living spaces showcase gleaming hardwood floors, plantation shutters, and a cozy fireplace that serves as the heart of the home. Throughout the 1,788 square foot layout, you'll find exquisite period touches, including stained glass windows and vintage glass door knobs that add a layer of sophisticated charm to every room. What truly sets this property apart is its placement on Mercedes Avenue, the sweet spot of the neighborhood. You are just steps away from the vibrant energy of Lower Greenville, yet tucked away on a peaceful, tree lined street that feels worlds apart from the hustle. Life here means being part of a tight knit community that takes immense pride in these historic blocks. The exterior serves as a private sanctuary designed for both relaxation and security. The backyard features a classic stone patio and pergola perfect for al fresco dining, while an electric gate provides added privacy and convenience. Mature trees and professional landscaping with a full sprinkler system surround the space, which also includes a detached garage and a fully fenced yard. Whether you’re admiring the iconic architecture during a morning stroll or gearing up for the legendary St. Paddy’s Day Parade, this home puts you in the front row for the best traditions Dallas has to offer. This is a rare opportunity to own a charming, move in ready piece of history in one of the city's most walkable and beloved neighborhoods.

Investor Tools

$399,794Estimated Mortgage Balance
$554,206Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,724 /month
Positive
Cash Flow Estimate:
$1,908 /month

Interested in this property?

Jennifer Cloud

Prominus Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,028/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,566
$878,690
2025
$546,000
$332,690
$878,690
No

Tax History

Year
Tax Paid
Assessed Value
2025
$19,566
$878,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Conventional
$450,000
No
First
Sep 19, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$399,794
$554,206
58%
42%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$2,698/mo
$-268/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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5606 Mercedes Ave | Property Details | No Agent List