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$181,000

NAL Estimated Property Value

5616 Preston Oaks Road 505, Dallas, TX, 75254

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths722 Sq Ft
price_per_sqft$173.13 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6.93 acres

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces1

Land Information

APN0029N830000E00505
Lot Number2
SubdivisionThe Oaks On Montfort Condos
Land UseResidential
Legal DescriptionTHE OAKS ON MONTFORT CONDOS BLK B/7010 PT LOT 2 BLDG E UNIT 505 & CE .539% INT202000325926 DD11202020 CO-DC 7010B000 002
Census Tract013629
Assessed Land Value$56,970
Assessed Improvement Value$120,220
Assessment Year2025

About this property

A+ location, gated, dog-friendly condo community with friendly neighbors. This downstairs unit offers a spacious open floor plan and a huge patio that you won't want to leave. The Garage is attached with a safety gate entry to your home. Don't miss the beautiful community pool with a covered area to enjoy a little shade on a hot day and a dog run with trees and grassy areas. 2019 Roof replaced.

Investor Tools

Property Icon
$181,000
Estimated Property Value
$91,529Estimated Mortgage Balance
$89,471Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,086 /month
Positive
Cash Flow Estimate:
$362 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
$219/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,486
$177,190
2025
$56,970
$120,220
$177,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,486
$177,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$102,400
No
First
Nov 20, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$91,529
$89,471
49%
51%
$614/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$833/mo
+$637/mo
9.7%

City: Dallas

5616 Preston Oaks Road 505 | Property Details | No Agent List