Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$188,550

NAL Estimated Property Value

5881 Preston View Boulevard 131, Dallas, TX, 75240

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths838 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$178.88 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size6.13 acres

Building Information

Year Built1968
Stories1
Roof Type105

Land Information

APN0029N860001100131
Lot Number1,3-7
SubdivisionPreston Hills Condos
Land UseResidential
Legal DescriptionPRESTON HILLS CONDOS BLK 7414 LT 1,3-7 BLDG 11 UNIT 131 CE 0.70% INT201300190880 DD06142013 CO-DC 7414 000 001 3007414 000
Census Tract013615
Assessed Land Value$56,060
Assessed Improvement Value$132,490
Assessment Year2025

About this property

Almost finished, this 1-bedroom, 1-bath Dallas condo just needs carpet on the stairs & 2nd floor, and a couple of kitchen appliances! The major updates are already complete—the owners began a full remodel and stopped just short of installing new carpet on the stairs and second floor bedroom & hallway, as well as kitchen appliances, except for the SS dishwasher. You’ll have the freedom to choose your own style for carpet, refrigerator, range, & microwave, making this home truly yours from the start. Enter to a bright and welcoming living space with a layout designed for comfort and functionality. The condo offers a peaceful retreat from the bustle of city life. Once you leave the main road and pass through the gated entry, everything slows down. Here, you’ll enjoy a tranquil environment surrounded by beautifully maintained grounds. Best of all, this home sits directly in front of the sparkling pool—so every day feels like a vacation. Relax by the water, enjoy the serenity, and take advantage of the easy lock-and-leave lifestyle this community provides. Located with quick access to major roads, shopping, dining, and all that Dallas has to offer, you’ll have the best of both worlds—urban convenience and a peaceful haven to call home. Don’t miss this chance to add your own personal touch and create the perfect retreat in a prime location! Not FHA or VA approved.

Investor Tools

Property Icon
$188,550
Estimated Property Value
$25,063Estimated Mortgage Balance
$163,487Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,131 /month
Positive
Cash Flow Estimate:
$377 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$484/month
$394/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,870
$188,550
2025
$56,060
$132,490
$188,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,870
$188,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
R W Raabe
Unknown
$43,000
No
First
Jun 3, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$25,063
$163,487
86%
13%
$258/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$652/mo
+$674/mo
8.4%

Learn About the Market: Opportunity in Dallas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

5881 Preston View Boulevard 131 | Property Details | No Agent List