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$185,000

1217 Greencove Dr, Garland, TX, 75040

$231,340 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,402 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.95 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave
FlooringBrick, Carpet, Ceramic Tile, Concrete, Laminate

Exterior

Lot Size7,626 sqft

Building Information

Year Built1968
Stories1
Roof Type105

Land Information

APN26527500160250000
Lot Number25
SubdivisionShorehaven
Land UseResidential
Legal DescriptionSHOREHAVEN 7 BLK 16 LOT 25 VOL2004097/15885 DD05142004 CO-DC 5275001602500 1CG52750016
Census Tract018105
Assessed Land Value$55,000
Assessed Improvement Value$222,310
Assessment Year2025

About this property

INVESTOR SPECIAL! This fixer upper is a great opportunity for both investors & first-time home buyers. This charming single story home is located in a quiet, established Garland neighborhood with a strong rental demand & offers 3 bedrooms, 1.5 bathrooms & multiple living & dining areas on a generously sized lot. Enjoy meals in the formal dining room or sunny eat-in kitchen area, each designed for everyday living. The functional kitchen features granite counters, ss appliances, ample counter space & plenty of cabinetry with separate pantry. The main living room is equipped with a sliding glass door with outdoor access & views to the backyard. The garage conversion adds a versatile bonus room, perfect for a 2nd living area, game room or flex space. The secondary bonus room off the kitchen includes dedicated laundry space with plenty of room to add additional storage. The large fenced-in backyard includes alley access & 2 storage sheds for added convenience. While this home could benefit from a little TLC, it offers a fantastic opportunity to add your personal touch & make it your own. Bring your renovation ideas & make this home truly shine! Garland ISD offers Choice of School with a range of educational options to suit your needs. Located just minutes from shopping, dining, schools, parks & major highways including Firewheel Town Center & George Bush Turnpike. Whether you're an Investor looking to add value or an owner-occupant wanting a solid home with room to personalize, this property offers flexibility & long-term upside. SOLD AS-IS, NO REPAIRS! BRING ALL OFFERS!

Investor Tools

$92,175Estimated Mortgage Balance
$185,135Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$231,339
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,664 /month
Positive
Cash Flow Estimate:
$555 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$178/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$748
$277,310
2025
$55,000
$222,310
$277,310
No

Tax History

Year
Tax Paid
Assessed Value
2025
$748
$277,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$100,000
No
First
May 23, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,175
$185,135
66%
33%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$600/mo
+$965/mo
6.8%

Learn About the Market: Opportunity in Texas

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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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1217 Greencove Dr | Property Details | No Agent List