NoAgentList RatingHow are grades calculated?

2view

$210,000

5616 Preston Oaks Road 605, Dallas, TX, 75254

Off Market

2 Beds

3 Bath

1,119 Sq Ft

Condos / Townhouses

$187.67 / sqft

Built in 1981

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Electric Water Heater

FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Lot Size6.93 acres

Building Information

Year Built1981

Stories1

Roof Type105

Garage Spaces1

Land Information

APN0029N830000F00605

Lot Number2

SubdivisionThe Oaks On Montfort Condos

Land UseResidential

Legal DescriptionTHE OAKS ON MONTFORT CONDOS BLK B/7010 PT LOT 2 BLDG F UNIT 605 & CE .836% INT202100262472 DD08302021 CO-DC 7010B000 002

Census Tract013629

Assessed Land Value$88,360

Assessed Improvement Value$162,720

Assessment Year2025

About this property

Adorable 2-story corner unit condo in the Oaks at Montfort with private gated entrance and community pool! Inside you will find 2 bedrooms, 2.5 baths, and single-car garage. Several guest parking spaces available right next to the unit! Upgrades include designer paint tones, new windows 2019, 2 cozy fireplaces, tons of natural light due to it being a corner unit, vaulted ceilings, and MORE! Kitchen boasts an abundance of cabinetry, SS appliances, electric range, laminate countertops, and new dishwasher May 2020. Spacious master with sitting area features his and hers sinks and large closet. Half bath on 1st floor. Small private backyard space!

Investor Tools

$251,080

Estimated Property Value

$0Estimated Mortgage Balance

$111,210Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,506 /month

Positive

Cash Flow Estimate:

$502 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$555/month

$338/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,402

$251,080

2025

$88,360

$162,720

$251,080

Tax History

Year

Tax Paid

Assessed Value

2024

$5,402

$251,080

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Independent Bank

Conventional

$153,750

First

Aug 30, 2021

Sep 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$139,870

$111,210

44%

56%

$922/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,730/mo

$1,260/mo

+$470/mo

8.3%

Learn About the Market: Opportunity in Dallas

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