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Owner Contacts

$1,000,000

NAL Estimated Property Value

5622 Merrimac Avenue, Dallas, TX, 75206

Off Market

3 Beds

2 Bath

2,273 Sq Ft

Single Family Residence

$296.96 / sqft

Built in 1926

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan

FlooringCeramic Tile, Marble

Exterior

Lot Size7,260 sqft

Building Information

Year Built1926

Stories1

Roof Type105

Garage Spaces1

Land Information

APN00000205216000000

Lot Number6

SubdivisionGreenland Hills 60ft Sec

Land UseResidential

Legal DescriptionGREENLAND HILLS 60FT SEC BLK 4/2196 LT 6 INT202100200887 DD07022021 CO-DC 2196 004 00600 1002196 004

Census Tract000300

Assessed Land Value$508,200

Assessed Improvement Value$392,800

Assessment Year2025

About this property

Charming Tudor in the heart of M Streets. Walk to Greenville hot spots. Open floor plan flooded with natural light. Refinished hardwood flooring on 1st floor (2021). Designer light fixtures, plantation shutters, recessed lighting; electrical brought to code (2019). Kitchen updated (2018), new floor tile (2021), stainless-steel appliances. Main bath renovated (2017) with marble tile and countertops. Huge flex space upstairs with bathroom and large storage closet. Secondary bedroom thoughtfully designed with bright accents; perfect for office or nursery. Second living area off the kitchen leads to backyard oasis, gated for extra privacy, fence replaced (2019), garage refurbished (2020). Ideal for entertaining!

Investor Tools

$1,000,000

Estimated Property Value

$497,798Estimated Mortgage Balance

$502,202Estimated Equity

50% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,000 /month

Positive

Cash Flow Estimate:

$2,000 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,751/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$16,011

$901,000

2025

$508,200

$392,800

$901,000

Tax History

Year

Tax Paid

Assessed Value

2024

$16,011

$901,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Better Mortgage Corporation

Conventional

$548,250

First

Jul 2, 2021

Aug 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$497,798

$502,202

50%

$3,288/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,430/mo

$3,288/mo

$-858/mo

2.9%

Learn About the Market: Opportunity in Dallas

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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.

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