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$282,630

NAL Estimated Property Value

1305 Marion Drive, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,391 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.74 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Plumbed For Ice Maker, Refrigerator, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,320 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26122500060020000
Lot Number2
SubdivisionCrest Ridge
Land UseResidential
Legal DescriptionCREST RIDGE ESTATES BLK 6 LT 2 INT201900110965 DD04232019 CO-DC 1225000600200 1CG12250006
Census Tract018600
Assessed Land Value$50,000
Assessed Improvement Value$232,630
Assessment Year2025

About this property

Priced right! Well cared for 3 bedroom Garland home with gorgeous original wood floors. This modestly priced home features fresh paint, updated kitchen cabinets, new kitchen counter tops, window coverings, dishwasher, disposal, gas cooktop and oven, and it's newest upgrade is a huge interior wash room that measures 12 feet by 7 feet. This recent addition is great for extra storage needs. Relax on the spacious covered front porch or retreat to the backyard that features a nice deck that overlooks a large grassed area great for entertaining. Refrigerator does convey with the home. Conveniently located near shopping, dining and easy access to nearby highways. This little gem wont last long!

Investor Tools

Property Icon
$282,630
Estimated Property Value
$145,526Estimated Mortgage Balance
$137,104Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,696 /month
Positive
Cash Flow Estimate:
$565 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,461
$282,630
2025
$50,000
$232,630
$282,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,461
$282,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$166,198
Yes
First
Jan 16, 2020
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,526
$137,104
48%
51%
$997/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$997/mo
+$975/mo
8.4%

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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1305 Marion Drive | Property Details | No Agent List