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$174,000

NAL Estimated Property Value

6211 W Northwest Highway G509, Dallas, TX, 75225

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths483 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$371.64 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range, Refrigerator
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Tennis Court(s)
Lot Size4.26 acres

Building Information

Year Built1966
Roof Type172

Land Information

APN00000405391800000
SubdivisionPreston Tower Condominium
Land UseResidential
Legal DescriptionPRESTON TOWER CONDOMINIUM BLK J/5463 BLK LESS ROW AC 4.2589 BLDG A UNIT G509 CE 0.14% INT202400129314 DD06262024 CO-DC 5463
Census Tract007702
Assessed Land Value$32,470
Assessed Improvement Value$139,000
Assessment Year2025

About this property

EFFICIENT & AFFORDABLE LIVING AT PRESTON TOWER! Move right into this well-appointed Garden Bldg. studio condo w 5th-floor views of Preston Center and the landscaped pool area. The compact 483 sq. ft. open floor plan features a separate kitchen-eating area, ample closets & storage, a wall of windows + a private balcony. Other highlights include wood floors, updated hardware & custom draperies. Easy in & out end unit adjacent to elevator servicing the basement. Preston Tower offers the ultimate low-maintenance lifestyle w amenities such as round-the-clock front desk & basement attendants, fitness center, club room w kitchen & library, pool area w fire pit, basement laundry room, tennis-pickleball court, dog park & assigned basement parking. Prime Preston Hollow location within walking distance of Preston Center shops & restaurants. Easy access to NorthPark, Preston Royal, US-75 & DNT. Monthly HOA dues cover all utilities, HVAC maintenance & high-speed internet service.

Investor Tools

Property Icon
$174,000
Estimated Property Value
$131,324Estimated Mortgage Balance
$42,676Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,077 /month
Positive
Cash Flow Estimate:
$359 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$206/month
$512/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,601
$171,470
2025
$32,470
$139,000
$171,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,601
$171,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midfirst Bank
Purchase Money Mortgage
$136,000
No
First
Jun 26, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,324
$42,676
24%
75%
$816/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
$1,328/mo
+$662/mo
13.7%

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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6211 W Northwest Highway G509 | Property Details | No Agent List