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$175,000

1010 Spring Lake Drive, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,490 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$117.45 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Gas Oven, Plumbed For Ice Maker
FlooringCarpet, Laminate

Exterior

Lot Size10,530 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26384500240030000
Lot Number3
SubdivisionNew World
Land UseResidential
Legal DescriptionNEW WORLD 2 BLK 24 LT 3 INT201900271029 DD10072019 CO-DC 3845002400300 1CG38450024
Census Tract018127
Assessed Land Value$60,000
Assessed Improvement Value$195,480
Assessment Year2025

About this property

SOLD AS IS Investors, flippers, this is a Handyman special in a desired neighborhood located in Garland. Minutes from all main freeways makes an easy commute into the Dallas Ft Worth area for work, Restaurants, shopping and entertainment. Come with your imagination and skill set mind to this one story with 4 bedrooms 2 full baths, and 2 car garage brick home. Buyer & buyers agent is responsible to verify any and all information. Listing agent is not responsible for any inaccurate information.

Investor Tools

Property Icon
$277,000
Estimated Property Value
$0Estimated Mortgage Balance
$162,156Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,662 /month
Positive
Cash Flow Estimate:
$554 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$364/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,988
$255,480
2025
$60,000
$195,480
$255,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,988
$255,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$132,000
No
First
Oct 7, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,844
$162,156
58%
41%
$792/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$792/mo
+$1,180/mo
8.5%

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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1010 Spring Lake Drive | Property Details | No Agent List