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$263,000

NAL Estimated Property Value

1321 Lexington Dr, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,588 Sq Ft
price_per_sqft$173.17 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Oven, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Linoleum

Exterior

Exterior FeaturesRain Gutters
Lot Size7,200 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26564500090240000
Lot Number24
SubdivisionSouthgate
Land UseResidential
Legal DescriptionSOUTHGATE ESTATES 3 BLK 9 LT 24 VOL 85081 PG 3308 CO-DALLAS 5645000902400 32656450009
Census Tract018402
Assessed Land Value$65,000
Assessed Improvement Value$193,790
Assessment Year2025

About this property

Charming Home on a Picturesque Street...Welcome to 1321 Lexington Drive. This impeccably maintained 3-bedroom, 2-bathroom home, perfectly combining comfort, functionality, and style and walking distance to Southgate Elementary. The light-filled living room offers a warm, welcoming atmosphere, while the eat-in kitchen—complete with classic white cabinetry—flows effortlessly into a spacious secondary living area, ideal for both entertaining and everyday living. Situated on a quiet, tree-lined street in an established neighborhood, this home offers excellent access to major thoroughfares, including LBJ Freeway, as well as nearby shopping, dining, and Garland’s vibrant City Square. Recent upgrades include Fresh interior paint (2025), New carpet (2025), New roof (2025), Remodeled primary bathroom (2024), New fence (2024) and Fresh landscaping. Don’t miss the opportunity to own this move-in-ready home in a highly desirable location!

Investor Tools

Property Icon
$263,000
Estimated Property Value
$263,466Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$292/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,192
$258,790
2025
$65,000
$193,790
$258,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,192
$258,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vantage Bank Texas
Unknown
$265,000
No
First
Jan 8, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,466
N/A
0%
100%
$1,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,589/mo
+$383/mo
9.0%

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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1321 Lexington Dr | Property Details | No Agent List