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$205,000

$215,000

5616 Preston Oaks Road 1601, Dallas, TX, 75254

On MarketInfo
Price DropInfo
Beds1 Beds
Baths1 Bath
Baths739 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$277.4 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Microwave, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate 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

HOME IS ELIGIBLE FOR DOWNPAYMENT ASSISTANCE AND CLOSING COSTS ASSISTANCE UP FOR $7500 WITH PREFERRED LENDER.Rare opportunity to own 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. Ideally situated between the proposed future homes of the Dallas Mavericks and Dallas Stars, this location places you in the center of one of North Texas' fastest-growing entertainment and business corridors. 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 in attached garage. Schedule your tour today!

Investor Tools

Property Icon
$194,000
Estimated Property Value
$0Estimated Mortgage Balance
$161,778Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,230 /month
Positive
Cash Flow Estimate:
$410 /month

Interested in this property?

Chris Garcia

Altura Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
$294/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,042
$181,510
2025
$58,340
$123,170
$181,510
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,042
$181,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$90,250
No
First
Jan 28, 2016
Feb 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$32,222
$161,778
83%
17%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$294/mo
+$1,176/mo
9.1%

Learn About the Market: Opportunity in Dallas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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5616 Preston Oaks Road 1601 | Property Details | No Agent List