1Days on Market

4view

$160,000

15889 Preston Road 1009, Dallas, TX, 75248

On Market

Just Added

1 Beds

1 Bath

748 Sq Ft

Condos / Townhouses

$213.9 / sqft

Built in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringCarpet, Concrete, Vinyl

Exterior

Lot Size9.41 acres

Building Information

Year Built1983

Stories2

Roof Type105

Land Information

APN00C43720000001009

Lot Number2

SubdivisionLondon Park Condominiums

Land UseResidential

Legal DescriptionLONDON PARK CONDOMINIUMS BLK A/8220 PT LT 2 ACS 9.414 BLDG B UNIT 1009 CE .3545% INT202500098463 DOD10022024 CO-DC 8220A000

Census Tract013621

Assessed Land Value$72,790

Assessed Improvement Value$114,210

Assessment Year2025

About this property

1st floor unit with a lot of potential. Spacious living room and bedroom. Beautiful view from covered patio. Walk-in closet in bedroom, linen closet in bathroom, and entryway closet. Ample cabinetry in kitchen and utility room. Conveninent access to Preston Road and Arapaho Rd. If electricity is off and the buyer needs inspections, the buyer shall be responsible for turning it on and paying for it.

Investor Tools

$19,034Estimated Mortgage Balance

$167,966Estimated Equity

89% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,122 /month

Positive

Cash Flow Estimate:

$374 /month

Interested in this property?

Larry Colgrove

Dealmaker Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$97/month

$226/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$226

$187,000

2025

$72,790

$114,210

$187,000

Tax History

Year

Tax Paid

Assessed Value

2025

$226

$187,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Coldwell Banker Home Loans

Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)

$42,400

First

Jan 26, 2006

Feb 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$19,034

$167,966

89%

10%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$226/mo

+$1,304/mo

9.8%

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