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$200,000

1115 W Avenue B, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.93 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave
FlooringLaminate

Exterior

Exterior FeaturesStorage
Lot Size11,400 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26286500000610000
Lot Number61
SubdivisionJames Terrace
Land UseResidential
Legal DescriptionJAMES TERRACE INST 2 LT 61 LESS ROW INT202300102355 DD04182023 CO-DC 2865000006100 1CG28650000
Census Tract018802
Assessed Land Value$91,200
Assessed Improvement Value$121,380
Assessment Year2025

About this property

A charming home in the downtown area of Garland in the Travis College Hill area is ready for a new family to love. You will love the convenience of this amazing location! Within walking distance to local cafes, coffee shops, theatres and parks. Downtown Garland is centrally located, only a twenty minute drive to Lake Ray Hubbard and White Rock Lake, leave your car at home and hop on the dart and arrive to Downtown Dallas in only 35 minutes. Your family will love this beautiful open floor plan, large kitchen with lots of storage, and all the mature trees this beauty offers. Newer roof, HVAC system, water line, and gas line. With your decorating ideas for cosmetic updates and some elbow grease this cozy home offers a host of possibilities!

Investor Tools

Property Icon
$251,000
Estimated Property Value
$222,000Estimated Mortgage Balance
$39,427Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,506 /month
Positive
Cash Flow Estimate:
$502 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$507/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,834
$212,580
2025
$91,200
$121,380
$212,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,834
$212,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 7 Llc
Commercial
$222,000
No
First
Oct 5, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,573
$39,427
15%
84%
$1,332/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,332/mo
+$640/mo
9.4%

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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1115 W Avenue B | Property Details | No Agent List