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$283,260

NAL Estimated Property Value

1206 Marion Drive, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.05 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size7,956 sqft

Building Information

Year Built1953
Stories1
Roof Type105

Land Information

APN26124500140050000
Lot Number5
SubdivisionCrest Ridge
Land UseResidential
Legal DescriptionCREST RIDGE ESTATES 3 BLK 14 LOT 5 INT201900249189 DD09122019 CO-DC 1245001400500 1CG12450014
Census Tract018600
Assessed Land Value$50,000
Assessed Improvement Value$233,260
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. PLACE HIGHEST BEST OFFER BY 6PM SUN JULY 21. This GORGEOUS Mid Century Charmer has been completely UPDATED! Open Concept Eat In Kitchen boasts all new Stainless App including a Gas Range, New Cabinets, Farm House Sink & Large Island w Breakfast Bar Open to the Dining Rm & Living Rm w Barndoor access to the New Laundry Mud Rm. Large Master Suite w Newly added En Suite Features a WI Closet, WI Shower & Barndoor. Original Restored HARDWOODS throughout the 3 Bedrooms & Hallway. Private Backyard OASIS w HUGE Covered Patio, New Wood FENCE, Rm for Pool & Garage! UPDATES include New ROOF, New Exterior Interior PAINT, New TILE, New Decorative LIGHTING & CAN LIGHTS & New WINDOWS & DOORS!

Investor Tools

Property Icon
$283,260
Estimated Property Value
$182,217Estimated Mortgage Balance
$101,043Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,700 /month
Positive
Cash Flow Estimate:
$567 /month

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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
$4,468
$283,260
2025
$50,000
$233,260
$283,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,468
$283,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Millennial Home Lending Inc
Conventional
$200,300
No
First
Aug 2, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,217
$101,043
35%
64%
$1,201/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,201/mo
+$771/mo
8.4%

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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1206 Marion Drive | Property Details | No Agent List