Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$294,990

NAL Estimated Property Value

1021 Milky Way, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.01 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Vented Exhaust Fan
FlooringCeramic Tile

Exterior

Lot Size6,435 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26396500040120000
Lot Number12
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 2 BLK 4 LOT 12 INT202500118012 DD06052025 CO-DC 3965000401200 1CG39650004
Census Tract018105
Assessed Land Value$55,000
Assessed Improvement Value$239,990
Assessment Year2025

About this property

Nestled in the heart of Garland just a 7 minute drive to wonderful shopping and restaurants in downtown this house is just waiting for you to add your personal touch. There is room for everyone with 4 bedrooms and 2 full bathrooms. The living room and kitchen are open concept so everyone can spend time together. The updated kitchen features stainless steel appliances including a gas range and a large farmhouse sink. The primary suite has an updated bathroom with a walk in shower. Outside there is a covered back porch and a large backyard with wonderful shade trees. The windows were replaced in 2020 and the siding replaced in 2022. Home is being sold as-is.

Investor Tools

Property Icon
$294,990
Estimated Property Value
$480,172Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,410
$294,990
2025
$55,000
$239,990
$294,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,410
$294,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Garland Housing Finance Corp
Stand Alone Second / Subordinate Position
$244,018
No
First
Jun 5, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$480,172
N/A
0%
163%
$2,928/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,928/mo
$-356/mo
10.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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.

Explore Texas Explore This Area
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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1021 Milky Way | Property Details | No Agent List