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$199,000

5616 Preston Oaks Road 306, Dallas, TX, 75254

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths729 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$272.98 / sqft
Year BuiltBuilt in 1981

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, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size6.93 acres

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces1

Land Information

APN0029N830000C00306
Lot Number2
SubdivisionThe Oaks On Montfort Condos
Land UseResidential
Legal DescriptionTHE OAKS ON MONTFORT CONDOS BLK B/7010 PT LOT 2 3.4924 ACS BLDG C UNIT 306 & CE .544% INT200900223631 DD07312009 CO-DC 7010
Census Tract013629
Assessed Land Value$57,500
Assessed Improvement Value$121,430
Assessment Year2025

About this property

Step inside this beautifully refreshed condo and instantly feel at home. Located within the desirable Oaks on Montfort complex, every detail has been thoughtfully updated — from freshly painted interiors (including all doors and closets) to smooth ceilings with the popcorn removed for a fresh, modern look. The renovated bathroom features a new walk-in shower, tile flooring, quartz countertop, and all-new fixtures. The kitchen shines with quartz countertops, a subway tile backsplash, and a new dishwasher. Additional upgrades include luxury vinyl plank flooring throughout the living areas, recessed lighting in the living room, and a new patio door (2024). The HVAC system was replaced in 2019 for added peace of mind. All windows were replaced November 2025 at a cost of $7500. Cozy up in the living room with built-in bookshelves and a wood-burning fireplace, and enjoy the convenience of a balcony for fresh air. A spacious storage closet and full laundry room with washer and dryer add everyday convenience, while the one-car attached garage offers secure parking. Set within a gated community featuring two sparkling pools, you’ll love the location directly across from one of the pools and the community mailbox. Just minutes to shopping, dining, and major highways, this condo offers the perfect blend of comfort, style, and convenience.

Investor Tools

Property Icon
$192,000
Estimated Property Value
$0Estimated Mortgage Balance
$192,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
$266/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,861
$178,930
2025
$57,500
$121,430
$178,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,861
$178,930

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$192,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$266/mo
+$1,204/mo
9.2%

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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