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$265,080

NAL Estimated Property Value

5981 Arapaho Rd # 5-508, Dallas, TX, 75248

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,205 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$207.47 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s)
Lot Size6.39 acres

Building Information

Year Built1980
Stories2
Roof Type105

Land Information

APN00C82450000100508
SubdivisionWoodhaven Condominiums
Land UseResidential
Legal DescriptionWOODHAVEN CONDOMINIUMS BLK A/8220 ACS 6.389 BLDG 5 UNIT 508 & CE .80% INT202400058496 DD03212024 CO-DC 8220 00A 000 3008220
Census Tract013621
Assessed Land Value$44,530
Assessed Improvement Value$220,550
Assessment Year2025

About this property

North Dallas Gem located between Preston and Montfort, just minutes to the Dallas Tollway! The complex backs to Prestonwd CC Golf course and is close to Addison entertainment! This beautifully updated home boasts a stylish interior with todays paints and touches. Luxury vinyl plank flooring is throughout the home. The floorplan is very flexible with 2 dining area, one of which could easily be used as a home office. The kitchen features a breakfast bar, granite counters, tile backsplash, lazy susan, trash drawer, and a nice pantry. The living room has a beautiful fireplace and large walls for tv or furniture. Split bedrooms have ensuite baths, large closets and is great for roommates! The primary bath has updated vanities with granite counters. The living room leads to a sunroom where you can open the windows and relax with a nice breeze! The front bedroom overlooks the salt water pool and tennis court and there is a deck with gas grills for the residents. A covered parking space also!

Investor Tools

Property Icon
$265,080
Estimated Property Value
$237,688Estimated Mortgage Balance
$27,392Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$351/month
$426/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,881
$265,080
2025
$44,530
$220,550
$265,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,881
$265,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Conventional
$247,350
No
First
Mar 21, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,688
$27,392
10%
90%
$1,483/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,810/mo
$1,909/mo
$-99/mo
8.2%

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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5981 Arapaho Rd # 5-508 | Property Details | No Agent List