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$269,000

NAL Estimated Property Value

1231 Forest Cove Lane, Garland, TX, 75040

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,562 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$112.04 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Other

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size4,057 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26179490010040000
Lot Number4
SubdivisionForest Creek Townhomes
Land UseResidential
Legal DescriptionFOREST CREEK TOWNHOMES BLK 1 LOT 4 INT202400077958 DD04152024 CO-DC 1794900100400 1CG17949001
Census Tract019027
Assessed Land Value$50,000
Assessed Improvement Value$178,490
Assessment Year2025

About this property

Fantastic find! Contemporary town house backs up to a creek and greenbelt. Oversized two car garage and NO HOA! Travertine tile and new carpet throughout. High ceilings. Kitchen has plenty of storage and counter space, pass through, stainless appliances and built in microwave. Refrigerator stays with the property. Bright living area has a corner fireplace. Half bath downstairs, two bedrooms and two full baths upstairs. Bedroom balcony and deck overlook the green space, and the large deck off the living room is a great place to grill and entertain. Excellent location just off the George Bush Turnpike, near Central Expressway and Firewheel Town Center. Choice of exemplary Garland schools.

Investor Tools

Property Icon
$269,000
Estimated Property Value
$211,467Estimated Mortgage Balance
$57,533Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,614 /month
Positive
Cash Flow Estimate:
$538 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,335
$228,490
2025
$50,000
$178,490
$228,490
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,335
$228,490

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$219,705
No
First
Apr 15, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,467
$57,533
21%
79%
$1,318/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,318/mo
+$247/mo
7.0%

City: Garland

1231 Forest Cove Lane | Property Details | No Agent List