B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$188,000

5616 Preston Oaks Rd # P-1601, Dallas, TX, 75254

Off Market

1 Beds

1 Bath

739 Sq Ft

Condos / Townhouses

$2.43 / sqft

Built in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesElectric Cooktop, Microwave, Refrigerator

FlooringCeramic Tile, Wood

Exterior

Private Pool

Lot Size6.93 acres

Building Information

Year Built1982

Stories1

Roof Type105

Garage Spaces1

Land Information

APN0029N830000P01601

Lot Number2

SubdivisionOaks On Montfort Ph Ii Iii Iv

Land UseResidential

Legal DescriptionOAKS ON MONTFORT PH II III IV BLK B/7010 PT LOT 2 BLDG P UNIT 1601 CE .552% INT201600024983 DD01282016 CO-DC 7010 00B 00200

Census Tract013629

Assessed Land Value$58,340

Assessed Improvement Value$123,170

Assessment Year2025

About this property

Rare opportunity to lease a completely renovated unit in the heart of Dallas and walking distance to the Village On The Parkway. Enjoy endless dining options at your fingertips or take a night on the town with a short 15 min drive to Legacy Shops or Downtown Dallas. Feel like staying in? Enjoy some tea in your very own private backyard or front patio. Custom unit features and updates include concrete countertops, built in wall closet, hardwood floors, Chambers refrigerator, custom vanity, stainless steel appliances with washer and dryer included and attached garage. Schedule your tour today!

Investor Tools

$188,000

Estimated Property Value

$90,250Estimated Mortgage Balance

$151,467Estimated Equity

52% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,128 /month

Positive

Cash Flow Estimate:

$376 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$405/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,917

$181,510

2025

$58,340

$123,170

$181,510

Tax History

Year

Tax Paid

Assessed Value

2024

$3,917

$181,510

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Caliber Home Loans Inc

Conventional

$90,250

First

Jan 28, 2016

Feb 2031

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$36,533

$151,467

80%

19%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,470/mo

N/A

+$1,470/mo

9.4%

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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