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Owner Contacts

$952,000

NAL Estimated Property Value

5615 Merrimac Ave, Dallas, TX, 75206

Off Market

3 Beds

2 Bath

1,936 Sq Ft

Single Family Residence

$495.35 / sqft

Built in 1928

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Range, Microwave

Exterior

Lot Size7,800 sqft

Building Information

Year Built1928

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000205189000000

Lot Number17

SubdivisionGreenland Hills 60ft Sec

Land UseResidential

Legal DescriptionGREENLAND HILLS 60FT SEC BLK 3/2195 LOT 17 INT202400195737 DD09262024 CO-DC 2195 003 01700 1002195 003

Census Tract000300

Assessed Land Value$546,000

Assessed Improvement Value$406,000

Assessment Year2025

About this property

Beautiful updated 1920's Tutor in Greenland Hills Conservation District on one of the best of the M streets! This three bedroom two bath home with wood floors has many updates including the redesigned kitchen with Sub-Zero refrigerator, Bosch dishwasher, Fisher & Paykel gas range and vent a hood. Designer painted tempered glass back splash. Stunning bathroom updates including custom built cabinets, Hans Grohe fixtures and Calcutta gold marble counters. One bedroom being used as a den. Halogen and LED lighting and plantation shutters throughout. The sunroom is perfect for an office. The landscaping was refreshed in 2020. Full size washer and dryer area. Two car garage and electronic gate. New water heater in 2020. Don't miss this gem!

Investor Tools

$952,000

Estimated Property Value

$744,952Estimated Mortgage Balance

$207,048Estimated Equity

21% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,754 /month

Positive

Cash Flow Estimate:

$1,918 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,571/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$14,097

$952,000

2025

$546,000

$406,000

$952,000

Tax History

Year

Tax Paid

Assessed Value

2024

$14,097

$952,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Horizon Bank

Conventional

$761,600

First

Sep 26, 2024

Oct 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$744,952

$207,048

21%

78%

$4,445/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,430/mo

$4,445/mo

$-2,015/mo

3.1%

Learn About the Market: Opportunity in Dallas

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