36view

Owner Contacts

$198,000

NAL Estimated Property Value

5626 Preston Oaks Road 22D, Dallas, TX, 75254

Off Market

1 Beds

2 Bath

912 Sq Ft

$185.86 / sqft

Built in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Dryer, Electric Cooktop, Electric Range, Refrigerator, Washer

FlooringCarpet, Laminate, Vinyl

Exterior

Private Pool

Lot Size5.27 acres

Building Information

Year Built1981

Stories2

Roof Type104

Land Information

APN0029N870000U00003

Lot Number1-2

SubdivisionPreston Oaks Crossing Condos 1&2

Land UseResidential

Legal DescriptionPRESTON OAKS CROSSING CONDOS 1&2 BLK A/7010 LOTS 1&2 ACS 10.0 BLDG U UNIT U-3 CE.42275% APT 22D INT202100381531 DD12212021

Census Tract013629

Assessed Land Value$24,260

Assessed Improvement Value$171,820

Assessment Year2025

About this property

Recently updated condo located within the gated Preston Oaks Crossing community. Freshly painted interior, new granite countertops in kitchen, updated full bathroom and half bathroom, and new flooring in first floor livingroom. 1 bedroom and 1.5 bathrooms with an open living room and dining area on the 1st floor. 2nd floor bedroom with spacious studio area perfect for a home office or second living area. Private patio for entertainment also includes outside storage. Two community pools and HOA dues include Spectrum TV. Property is in ease of access to major highways, shopping, and Addison restaurants. Do not miss out on the exceptional opportunity.

Investor Tools

$198,000

Estimated Property Value

$113,433Estimated Mortgage Balance

$84,567Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,188 /month

Positive

Cash Flow Estimate:

$396 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$448/month

$304/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,382

$196,080

2025

$24,260

$171,820

$196,080

Tax History

Year

Tax Paid

Assessed Value

2024

$4,382

$196,080

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Thrive Mortgage Llc

Conventional

$123,750

First

Dec 21, 2021

Jan 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$113,433

$84,567

42%

57%

$742/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,730/mo

$1,046/mo

+$684/mo

10.5%

Learn About the Market: Opportunity in Dallas

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