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$329,000

NAL Estimated Property Value

1237 Forest Cove Ln, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,810 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$138.12 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size4,227 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26179490010010000
Lot Number1
SubdivisionForest Creek Townhomes
Land UseResidential
Legal DescriptionFOREST CREEK TOWNHOMES BLK 1 LT 1 INT202500060517 DD03252025 CO-DC 1794900100100 1CG17949001
Census Tract019027
Assessed Land Value$50,000
Assessed Improvement Value$244,190
Assessment Year2025

About this property

Location! Location! Location! This wonderful 3 bedroom end-unit townhome sits in a quiet neighborhood close to EVERYTHING! You're steps away from a walking trail that takes you right into Winters Park, one of the best parks around. Hawaiian Waters is only 3 miles away along with all the shopping and restaurants at nearby N Garland Ave and George Bush. The townhome has all three bedrooms on the second floor along with 2 full bathrooms. There is a half bath downstairs along with a spacious living room with a wood burning fireplace. The backyard borders a wooded creek for ultimate privacy and lush greenery. With it being an end unit it has a larger yard than most. Last but certainly not least, it has a very large screened in porch allowing you to really enjoy the outside without getting eaten up! There aren't many TH's in this neighborhood and they don't come up for sale that often. Don't miss your chance at this amazing gem!

Investor Tools

Property Icon
$329,000
Estimated Property Value
$58,764Estimated Mortgage Balance
$270,236Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,974 /month
Positive
Cash Flow Estimate:
$658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$619/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,786
$294,190
2025
$50,000
$244,190
$294,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,786
$294,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$60,000
No
First
Mar 25, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,764
$270,236
82%
18%
$360/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$360/mo
+$1,612/mo
7.2%

City: Garland

1237 Forest Cove Ln | Property Details | No Agent List