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$207,930

NAL Estimated Property Value

5616 Preston Oaks Rd # P-1605, Dallas, TX, 75254

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths844 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$260.66 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Lot Size6.93 acres

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces1

Land Information

APN0029N830000P01605
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 1605 & CE .630% INT202400161838 DD08122024 CO-DC 7010B000 002
Census Tract013629
Assessed Land Value$66,580
Assessed Improvement Value$141,350
Assessment Year2025

About this property

This meticulously cared for one-story condo offers a perfect blend of comfort, convenience, and updates. Laminate wood floors, ceramic tile, sparkling kitchen with crisp white cabinets, granite countertops, and stainless steel appliances. The living and dining areas are separate by a two-sided fireplace. The open concept gives views throughout of the fireplace and the large outdoor space. The private master suite includes a wall of built-in cabinetry and an ensuite bath with large vanity and a walk-in shower. The one-car garage provides direct access to the condo too, PLUS it’s hard to find a condo with a nice fenced-in backyard space! The gated condo development also offers a beautiful community pool. This home is in the heart of North Dallas, close to tons of shopping and restaurants, including the Galleria and Addison-area restaurants.

Investor Tools

Property Icon
$207,930
Estimated Property Value
$199,207Estimated Mortgage Balance
$8,723Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
$307/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$796
$207,930
2025
$66,580
$141,350
$207,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$796
$207,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Conventional
$205,640
No
First
Aug 12, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,207
$8,723
4%
96%
$1,233/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,540/mo
$-70/mo
8.5%

City: Dallas

5616 Preston Oaks Rd # P-1605 | Property Details | No Agent List