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$253,000

NAL Estimated Property Value

1306 Cove Drive, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.38 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCeramic Tile, Laminate

Exterior

Lot Size5,720 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26458500070020000
Lot Number2
SubdivisionQuail Creek
Land UseResidential
Legal DescriptionQUAIL CREEK 1 BLK 7 LT 2 INT201900141719 DD05292019 CO-DC 4585000700200 1CG45850007
Census Tract018203
Assessed Land Value$75,000
Assessed Improvement Value$154,370
Assessment Year2025

About this property

Fantastic investment or residential property! 3 bedroom, 2 baths, large back yard, open kitchen. Seller remolded the house with new floor; new cabinets, granite countertop in kitchen; new paint; new toilet and sink in baths.

Investor Tools

Property Icon
$253,000
Estimated Property Value
$137,259Estimated Mortgage Balance
$115,741Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,518 /month
Positive
Cash Flow Estimate:
$506 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,215
$229,370
2025
$75,000
$154,370
$229,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,215
$229,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brazos National Bank
Fha
$159,493
Yes
First
May 29, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,259
$115,741
45%
54%
$957/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$957/mo
+$1,015/mo
9.4%

City: Garland

1306 Cove Drive | Property Details | No Agent List