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$234,000

5626 Preston Oaks Road 42D, Dallas, TX, 75254

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,135 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$215.86 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesCourtyard, Storage
Lot Size5.27 acres

Building Information

Year Built1981
Stories2
Roof Type104

Land Information

APN0029N87000OO00004
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 OO UNIT OO-4 CE.5261% APT42D INT202300223223 DD10312023
Census Tract013629
Assessed Land Value$30,170
Assessed Improvement Value$202,510
Assessment Year2025

About this property

Serene Condo Living that backs to Tranquil White Rock Creek!!! This Gated 2 bed 2.5 bath End Unit Condo boasts a Private Outdoor Patio! You will love this Low Maintenance living in Prestigious North Dallas with easy access to Addison, LBJ, Tollways and the Galleria! The HOA is responsible for the Exterior of this unit; therefore, your home owners policy is significantly reduced. The HOA also covers your Water, Cable & your Trash is picked up by your front door 5 days a week. Enjoy relaxing at 2 Community Pools and the Club House for special occasions! You will Love the Outdoor Space but the Inside is Remarkable as well. The Kitchen is newly remodeled with Granite counter tops and opens to the Spacious Living Area with a Wood Burning Fireplace and Dining Area. The Bedrooms are Generous in size and will Accomodate larger furniture. Recent updates include Carpet, Energy Efficient Windows and Doors & Attic Insulation. 3 Outdoor Survelliance Cameras convey.

Investor Tools

Property Icon
$234,000
Estimated Property Value
$0Estimated Mortgage Balance
$69,221Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
$404/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,200
$232,680
2025
$30,170
$202,510
$232,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,200
$232,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Conventional
$172,900
No
First
Oct 31, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,779
$69,221
29%
70%
$1,037/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,730/mo
$1,441/mo
+$289/mo
8.9%

Learn About the Market: Opportunity in Dallas

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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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5626 Preston Oaks Road 42D | Property Details | No Agent List