35Days on Market

1view

$2,100

$2,200

15889 Preston Rd Apt 1001, Dallas, TX, 75248

On Market

Price Drop

3 Beds

2 Bath

1,443 Sq Ft

Condos / Townhouses

$1.46 / sqft

Built in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher

Exterior

Lot Size9.41 acres

Building Information

Year Built1983

Stories2

Roof Type105

Land Information

APN00C43720000001001

Lot Number2

SubdivisionLondon Park Condominiums

Land UseResidential

Legal DescriptionLONDON PARK CONDOMINIUMS BLK A/8220 PT LT 2 ACS 9.414 BLDG A UNIT 1001 CE .6838% VOL2003144/5710 DD07142003 CO-DC 8220 00A

Census Tract013621

Assessment Year2025

About this property

Rare 3-bedroom condo townhome for lease in a highly convenient location near Preston and Arapaho, featuring a beautiful creek and tree view behind the unit. This spacious 2-story home offers a flexible layout with 2 bedrooms and 1 bath upstairs, which can also be used as a private bedroom and living area suite. Enjoy community amenities including a pool and fitness room, while water service is included through the HOA. Refrigerator, washer, and dryer are all included, making this a great rental opportunity in a desirable area.

Investor Tools

$279,000

Estimated Property Value

$0Estimated Mortgage Balance

$279,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,674 /month

Positive

Cash Flow Estimate:

$558 /month

Interested in this property?

Ramez Morris

United Real Estate

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$579/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,552

$271,000

2025

N/A

$271,000

No

Tax History

Year

Tax Paid

Assessed Value

2025

$5,552

$271,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$299,000

100%

0%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,810/mo

N/A

+$1,810/mo

7.8%

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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