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$304,410

NAL Estimated Property Value

1209 Phoebe Ln, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.19 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven
FlooringCeramic Tile, Wood

Exterior

Lot Size9,600 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26345500080040000
Lot Number4-5
SubdivisionMeadowlark
Land UseResidential
Legal DescriptionMEADOWLARK ESTATES 2 BLK H LOT 4 N 5 FT LT 5 INT202300051218 DD03152023 CO-DC 3455000800400 1CG34550008
Census Tract018600
Assessed Land Value$70,000
Assessed Improvement Value$234,410
Assessment Year2025

About this property

Well-maintained 3-2 loaded with tasteful updates and character! The home's spacious primary living area is lined with wood floors and provide you with a great space for hosting friends and family. Windows flood the room with natural light and give it an open and inviting feel. The blue accent wall adds character to the space. The kitchen has been updated with sleek granite countertops, breakfast bar, stainless steel appliances and modern fixtures, plus tons of cabinet and counter space to make it abundantly functional. Dining area offers plenty of room to gather for a meal with those closest to you. Sliding glass door lets in plenty of natural light to the dining area and provides a great view of the back yard. Separate utility room features more cabinet storage and shelving. Enjoy the massive back yard under the shade of the mature trees on your open back patio. A huge detached storage shed gives you plenty of extra storage space and could function as your own private workshop!

Investor Tools

Property Icon
$304,410
Estimated Property Value
$291,273Estimated Mortgage Balance
$13,137Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,826 /month
Positive
Cash Flow Estimate:
$609 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,336
$304,410
2025
$70,000
$234,410
$304,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,336
$304,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$309,294
Yes
First
Mar 15, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,273
$13,137
4%
96%
$1,855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,855/mo
+$117/mo
7.8%

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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1209 Phoebe Ln | Property Details | No Agent List