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$1,049,000

16216 Ranchita Dr, Dallas, TX, 75248

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,898 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$256.52 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Double Oven
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesBuilt-in Barbecue, Courtyard, Dog Run, Rain Gutters
Lot Size15,544 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces3

Land Information

APN00000820478320000
Lot Number17
SubdivisionPrestonwood
Land UseResidential
Legal DescriptionPRESTONWOOD CREEK 2 BLK 5/8193 LT 17 INT202300195260 DD09222023 CO-DC 8193 005 01700 3DA8193 005
Census Tract013619
Assessed Land Value$325,000
Assessed Improvement Value$653,240
Assessment Year2025

About this property

Great opportunity to own a fantastic home in highly sought after Prestonwood. This well built home has been meticulously maintained and thoughtfully updated throughout the years. You will be greeted by an inviting courtyard and once inside you will appreciate the love and care that has gone into this home. Amazing wood encased windows are found throughout allowing natural light to pour in from all sides of the property. Sliding doors are also found throughout to bring the outdoors in which makes this home great for entertaining. Other features include a great room with soaring ceilings that leads out to a massive covered flagstone patio. Each bedroom has access to its own bathroom. The primary suite is private and boasts a spa like bath with separate tub and shower, dual vanities and two walk in closets. Other features include an elegant dining room with views of courtyard, a large kitchen with eat up bar, wet bar, tons of built ins, dog run, 3 car garage and so much more!

Investor Tools

Property Icon
$1,049,000
Estimated Property Value
$1,015,000Estimated Mortgage Balance
$83,298Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,294 /month
Positive
Cash Flow Estimate:
$2,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,043/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,276
$978,240
2025
$325,000
$653,240
$978,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,276
$978,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Conrad H Sommers Family Trust
Purchase Money Mortgage
$1,015,000
No
First
Sep 22, 2023
Sep 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$965,702
$83,298
7%
92%
$6,086/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,970/mo
$6,086/mo
$-3,116/mo
3.4%

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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16216 Ranchita Dr | Property Details | No Agent List