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$306,600

NAL Estimated Property Value

1109 Lesa Ln, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,656 Sq Ft
price_per_sqft$169.08 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCeramic Tile, Laminate

Exterior

Lot Size7,130 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26683640090190000
Lot Number19
SubdivisionWood Bend
Land UseResidential
Legal DescriptionWOOD BEND BLK 9 LOT 19 INT202000154260 DD05272020 CO-DC 6836400901900 1CG68364009
Census Tract019046
Assessed Land Value$65,000
Assessed Improvement Value$241,600
Assessment Year2025

About this property

This quaint, single-story ranch style home features colonial columns and accents that you'll really love. The vaulted ceilings and open concept living & dining room give spacious views and are great for entertaining. The primary bedroom has its own private en-suite with dual vanities and a stand-in shower. Its also does not share any walls with the other bedrooms so there is a lot of privacy. Bedrooms 2 & 3 adjoin each other but have their own closet spaces and windows view of the front yard. All bedrooms have laminate flooring for easy care and clean-up as well as lighted ceiling fans for extra air-flow when needed. The home is fully electric and the home's solar panel system reduces the electricity bill regularly to $0. Additionally, the city will issue more credits towards the water bill too each month for the extra electricity that the system generates. You'll love seeing such low utility bills each month!

Investor Tools

Property Icon
$306,600
Estimated Property Value
$98,307Estimated Mortgage Balance
$208,293Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,840 /month
Positive
Cash Flow Estimate:
$613 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$709/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,971
$306,600
2025
$65,000
$241,600
$306,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,971
$306,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Conventional
$120,000
No
First
Aug 4, 2017
Sep 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,307
$208,293
67%
32%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$720/mo
+$1,252/mo
7.7%

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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1109 Lesa Ln | Property Details | No Agent List