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Owner Contacts

$198,690

NAL Estimated Property Value

6211 W Northwest Highway G216, Dallas, TX, 75225

Off Market

1 Beds

1 Bath

537 Sq Ft

$325.88 / sqft

Built in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan

FlooringCeramic Tile, Vinyl

Exterior

Private Pool

Exterior FeaturesBalcony, Courtyard, Rain Gutters, Lighting, Tennis Court(s), Uncovered Courtyard, Garden

Lot Size4.26 acres

Building Information

Year Built1966

Roof Type172

Garage Spaces1

Land Information

APN00000405391470000

SubdivisionPreston Tower Condominium

Land UseResidential

Legal DescriptionPRESTON TOWER CONDOMINIUM BLK J/5463 BLK LESS ROW AC 4.2589 BLDG A UNIT G216 CE 0.16% INT202200151695 DD05312022 CO-DC

Census Tract007702

Assessed Land Value$37,100

Assessed Improvement Value$161,590

Assessment Year2025

About this property

Preston Towers second floor open concept condo. All utilities paid including AT&T Uverse cable and internet. Upgrades to unit include updated floors, cabinets, all stainless steel appliances and bathroom vanity a beautiful walk-in shower. Walls of windows provide abundant natural light and open to large balcony with views of the quiet lush landscaped courtyard below. Property amenities include 24-7 doorman, secured underground valet parking with assigned parking space. Community also features laundry facilities, olympic sized pool, outside entertaining area with fire pit, business center and tennis courts. Located minutes from Love Field, SMU, Medical District, Downtown, Central Expressway & North Dallas Tollway.

Investor Tools

$198,690

Estimated Property Value

$92,514Estimated Mortgage Balance

$106,176Estimated Equity

53% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,192 /month

Positive

Cash Flow Estimate:

$397 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$407/month

$493/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,889

$198,690

2025

$37,100

$161,590

$198,690

Tax History

Year

Tax Paid

Assessed Value

2024

$3,889

$198,690

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Willow Bend Mortgage Co

Conventional

$100,000

First

May 31, 2022

Jun 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$92,514

$106,176

53%

47%

$600/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,990/mo

$1,093/mo

+$897/mo

12.0%

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