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$363,250

NAL Estimated Property Value

1305 Lexington Dr, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,623 Sq Ft
price_per_sqft$203.33 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker
FlooringCarpet, Vinyl

Exterior

Lot Size8,400 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26564500090200000
Lot Number20
SubdivisionSouthgate
Land UseResidential
Legal DescriptionSOUTHGATE ESTATES 3 BLK 9 NE 64.15' LT 20 & 10 ' LOT 19 INT202200152352 DD05272022 CO-DC 5645000902000 1CG56450009
Census Tract018402
Assessed Land Value$65,000
Assessed Improvement Value$298,250
Assessment Year2025

About this property

Multiple Offers received. Beautifully updated 3 bedroom, 2 bath home w 2 car garage. New kitchen cabinets, quartz ctops, backsplash, & stainless appliances. 2 living areas & 2 dining areas. New interior paint, flooring, LED light fix, cfans. New electric panel box. Main living area overlooks private back covered patio and backyard. Large master bedroom with walk in closet. Updated master bath has new walk in shower, sink vanity with quartz ctops, LVP flooring, & modern lighting. New carpet in all bedrooms. Hall bath updated with quartz ctops, LVP flooring, and light fix. 3rd bedroom has access to hall bath. Full size laundry room with additional storage. New plugs & switches. Storage shed in back. DISCLOSURES in list docs. Seller has NO survey.

Investor Tools

Property Icon
$363,250
Estimated Property Value
$303,214Estimated Mortgage Balance
$60,036Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,180 /month
Positive
Cash Flow Estimate:
$727 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$840/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,259
$363,250
2025
$65,000
$298,250
$363,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,259
$363,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$327,750
No
First
May 27, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,214
$60,036
16%
83%
$1,966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,966/mo
+$6/mo
6.5%

City: Garland

1305 Lexington Dr | Property Details | No Agent List