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$225,000

1008 Parkway Drive, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,607 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.01 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringWood

Exterior

Exterior FeaturesRain Gutters
Lot Size12,750 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26264500020100000
Lot Number10
SubdivisionHiland
Land UseResidential
Legal DescriptionHILAND BLK B LOT 10 & N 1/2 LOT 9 INT202200199441 DD07192022 CO-DC 2645000201000 1CG26450002
Census Tract018700
Assessed Land Value$71,500
Assessed Improvement Value$185,330
Assessment Year2025

About this property

Talk about location AND curb appeal...!!! This cute well maintained one-story home is within walking distance to downtown Garland and Central Park. The lot offers gorgeous mature trees and a large fenced-in backyard. Inside you will find charm and character along with beautiful wood floors in parts of the home. A great find with 4 spacious bedrooms and 2 bathrooms that you can add your own personal touches to or take on some remodeling. If you're needing additional storage this home has a terrific storage area adjacent to the carport. Some of the other amenities of the home include: rain gutters, vinyl siding, roof replacement in 2019, large kitchen and utility room.

Investor Tools

Property Icon
$256,830
Estimated Property Value
$0Estimated Mortgage Balance
$38,632Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,541 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$459/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,229
$256,830
2025
$71,500
$185,330
$256,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,229
$256,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$235,000
No
First
Jul 19, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,198
$38,632
15%
85%
$1,409/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,409/mo
+$156/mo
7.3%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Garland

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1008 Parkway Drive | Property Details | No Agent List