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$225,000

106 E Schreiber St, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,615 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.32 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal

Exterior

Lot Size7,935 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26512620120020000
Lot Number2
SubdivisionSchreiber
Land UseResidential
Legal DescriptionSCHREIBER ESTATES 1 BLK 12 LOT 2 VOL92208/0088 EF102092 CO-DALLAS 5126201200200 32651262012
Census Tract019026
Assessed Land Value$70,000
Assessed Improvement Value$230,960
Assessment Year2025

About this property

Great location for your next flip. Located close to Bush, and growing Garland. This house needs some attention, and the price reflects that.

Investor Tools

Property Icon
$300,960
Estimated Property Value
$43,700Estimated Mortgage Balance
$250,041Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,806 /month
Positive
Cash Flow Estimate:
$602 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$224/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,177
$300,960
2025
$70,000
$230,960
$300,960
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,177
$300,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kraft America Cu
Unknown
$43,700
No
First
Aug 16, 2005
Sep 2015

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$50,919
$250,041
83%
17%
$605/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$605/mo
+$1,367/mo
7.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

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

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