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$208,490

NAL Estimated Property Value

5881 Preston View Blvd # 3-279, Dallas, TX, 75240

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,017 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$208.46 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting
Lot Size6.13 acres

Building Information

Year Built1968
Stories1
Roof Type105

Land Information

APN0029N860000300279
Lot Number1 & 3-7
SubdivisionPreston Hills Condos
Land UseResidential
Legal DescriptionPRESTON HILLS CONDOS BLK 7414 LOT 1 & 3-7 BLDG 3 UNIT 279 % .85 CE INT202400097180 DD05132024 CO-DC 7414 000 001 3007414 000
Census Tract013615
Assessed Land Value$68,070
Assessed Improvement Value$140,420
Assessment Year2025

About this property

This renovated 2bd 2bath condominium is located in Far North Dallas. As you enter you are greeted by a spacious living area with a wood burning fireplace in the center and windows on both ends. All windows and sliding doors have been replaced to enhance energy efficiency. The elegant black and white kitchen opens to the living and dining area. The primary bedroom has an ensuite bathroom with gray marble countertops. You will find ample storage with 2 closets; a walk in the bathroom and another closet in the bedroom The primary and secondary bedrooms both have access to the outdoor balcony. From the living area, you have a beautiful view of large the green space outside of your home. Security is a top priority at this complex, with one way in and one way out gated neighborhood design. You have 1 covered and 1 uncovered parking space with plenty of visitor parking for your guests. Rentals allowed.

Investor Tools

Property Icon
$208,490
Estimated Property Value
$183,943Estimated Mortgage Balance
$24,547Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,272 /month
Positive
Cash Flow Estimate:
$424 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
$476/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,910
$208,490
2025
$68,070
$140,420
$208,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,910
$208,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$190,800
No
First
May 13, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,943
$24,547
11%
88%
$1,144/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,620/mo
$-55/mo
9.0%

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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5881 Preston View Blvd # 3-279 | Property Details | No Agent List