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$185,000

NAL Estimated Property Value

5616 Preston Oaks Road 1204, Dallas, TX, 75254

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths738 Sq Ft
price_per_sqft$182.93 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate 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

Property Icon
$185,000
Estimated Property Value
$97,303Estimated Mortgage Balance
$87,697Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
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
No

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
No
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%

City: Dallas

5616 Preston Oaks Road 1204 | Property Details | No Agent List