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$295,000

1309 Lakeside Dr, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,955 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.9 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Plumbed For Ice Maker
FlooringHardwood, Laminate

Exterior

Lot Size7,670 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26197500020300000
Lot Number30
SubdivisionFreeman Heights
Land UseResidential
Legal DescriptionFREEMAN HEIGHTS BLK 2 LOT 30 INT202200145513 DD05302022 CO-DC 1975000203000 1CG19750002
Census Tract018801
Assessed Land Value$60,000
Assessed Improvement Value$258,990
Assessment Year2025

About this property

This much-loved, single-owner home is ready for its new owner. Built in 1950, it was originally a two-bedroom, one-bath house. A third bedroom and second bathroom were added around 1954. The den and fireplace with gas starter were added around 1966, and what was formerly a dining room was converted to a fourth bedroom at the same time. The entire house received a makeover in 2013. There is ample room in the den for a large dining table. The original hardwood floors have been beautifully maintained. Central heat and air conditioning were added in 2019. The spacious backyard will offer space for relaxation and entertainment. You will be pleasantly surprised by the size and number of closets throughout the home. The home is conveniently located to downtown Garland, schools, shopping, post office, fire station, and DART rail.

Investor Tools

Property Icon
$318,990
Estimated Property Value
$296,530Estimated Mortgage Balance
$25,043Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,914 /month
Positive
Cash Flow Estimate:
$638 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$586/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,438
$318,990
2025
$60,000
$258,990
$318,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,438
$318,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Fha
$296,530
Yes
First
May 20, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,947
$25,043
7%
92%
$1,899/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,899/mo
+$673/mo
9.7%

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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1309 Lakeside Dr | Property Details | No Agent List