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$244,690

NAL Estimated Property Value

5616 Preston Oaks Drive 1801, Dallas, TX, 75254

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths891 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$252.53 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Ice Maker, Refrigerator, Washer

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard, Rain Gutters, Lighting
Lot Size6.93 acres

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces1

Land Information

APN0029N830000R01801
Lot Number2
SubdivisionOaks On Monfort Ph Ii & Iii & Iv
Land UseResidential
Legal DescriptionOAKS ON MONFORT PH II & III & IV BLK B/7010 PT LOT 2 BLDG R UNIT 1801 & CE .665% INT202200323759 DD12272022 CO-DC 7010B000
Census Tract013629
Assessed Land Value$70,280
Assessed Improvement Value$174,410
Assessment Year2025

About this property

Updated 2 bedroom condo close to the Galleria Mall and the shopping and dining of Addison's Restaurant Row. New luxury vinyl plank flooring, fresh paint, updated light fixtures, wood burning fireplace and more. First Floor Unit with view of Pool from living room. Cozy Kitchen has Granite countertops and Stainless Steel Range, built in Microwave, Dishwasher and refrigerator. Full Size Washer & Dryer convey to buyer. One of the few units with a fenced backyard! Private garage and Gated drive at entrance. Access to front door through a gated & locked courtyard. Lots of guest parking close by and dedicated outdoor areas for dogs throughout complex. This gated community is surrounded by mature trees with 2 swimming pools and more.

Investor Tools

Property Icon
$244,690
Estimated Property Value
$168,627Estimated Mortgage Balance
$76,063Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,468 /month
Positive
Cash Flow Estimate:
$489 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,779
$244,690
2025
$70,280
$174,410
$244,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,779
$244,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$180,000
No
First
Dec 27, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,627
$76,063
31%
69%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,405/mo
+$65/mo
7.2%

City: Dallas

5616 Preston Oaks Drive 1801 | Property Details | No Agent List