1Days on Market

4view

$235,000

5565 Preston Oaks Road 262, Dallas, TX, 75254

On Market

Just Added

2 Beds

2 Bath

1,313 Sq Ft

Condos / Townhouses

$178.98 / sqft

Built in 1983

Property Lead Type:

BankruptcyPre-ForeclosureHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private Pool

Lot Size7.61 acres

Building Information

Year Built1983

Stories2

Roof Type105

Land Information

APN00C69250000H00262

Lot Number1A

SubdivisionSpringstead Condos

Land UseResidential

Legal DescriptionSPRINGSTEAD CONDOMINIUMS BLK B/8166 LT 1A ACS 7.6057 BLDG H UNIT 262 CE 1.174% INT201800328980 DD11072018 CO-DC 8166 00B

Census Tract013622

Assessed Land Value$97,240

Assessed Improvement Value$191,620

Assessment Year2025

About this property

Lock and leave in style with this turn key two bedroom, 2 bath condo with fully renovated kitchen with NEW appliances + washer and dryer. In the heart of Dallas, and minutes away from the Dallas Mavericks new arena, shopping and retail! Enjoy all the updates in this perfectly maintained move in ready home. Upgraded features include newly installed water heater, carpet, and HVAC system. You'll desire nothing else except calling it home. please call listing agent for gate code during open house hours.

Investor Tools

$288,860

Estimated Property Value

$0Estimated Mortgage Balance

$220,811Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,733 /month

Positive

Cash Flow Estimate:

$578 /month

Interested in this property?

Joelle Mayer

Christie's Lone Star

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$202/month

$480/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$978

$288,860

2025

$97,240

$191,620

$288,860

Tax History

Year

Tax Paid

Assessed Value

2025

$978

$288,860

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Decision One Mortgage Co Llc

Purchase Money Mortgage

$111,920

First

Nov 21, 2006

Nov 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$68,049

$220,811

76%

24%

$805/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,730/mo

$1,285/mo

+$445/mo

7.2%

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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