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Owner Contacts

$135,000

5616 Preston Oaks Road 1204, Dallas, TX, 75254

$138,530 ARV

Off Market

1 Beds

1 Bath

738 Sq Ft

Condos / Townhouses

$182.93 / sqft

Built in 1982

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer, Gas Water Heater

FlooringCarpet, Ceramic Tile

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size6.93 acres

Building Information

Year Built1982

Stories1

Roof Type105

Garage Spaces1

Land Information

APN0029N830000L01204

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 L UNIT 1204 & CE .551% INT202100085182 DD03232021 CO-DC 7010B000 002

Census Tract013629

Assessed Land Value$58,240

Assessed Improvement Value$107,100

Assessment Year2025

About this property

This bright, well-maintained one bedroom condo is nestled in the beautifully landscaped Oaks on Montfort gated community. Kitchen includes refrigerator, built-in microwave, washer & dryer & dining area w stylish chandelier. Large living space features cozy fireplace, skylight bringing abundant natural light & built-in bookshelves. Master bedroom features 2 large closets. Enjoy soaking in an oversized garden bathtub. AC newly installed in 2019. Park in your private garage w additional guest parking. Amenities include community pool, hot tub, outdoor kitchen pergola w space to gather. Enjoy prime shopping & restaurants moments away at Dallas Galleria & Addison. This condo is fresh & move-in ready for you!

Investor Tools

$185,000

Estimated Property Value

$0Estimated Mortgage Balance

$87,697Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$138,529

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,110 /month

Positive

Cash Flow Estimate:

$370 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$224/month

$221/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,761

$165,340

2025

$58,240

$107,100

$165,340

Tax History

Year

Tax Paid

Assessed Value

2024

$1,761

$165,340

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cardinal Financial Company Lp

Conventional

$108,000

First

Mar 23, 2021

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$97,303

$87,697

47%

53%

$648/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,470/mo

$869/mo

+$601/mo

9.5%

Learn About the Market: Opportunity in Dallas

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