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$132,800

1501 E Interstate 30 124, Garland, TX, 75043

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths664 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$173.19 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesCovered Courtyard, Storage
Lot Size3.03 acres

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN26405000000E00124
Lot Number1
SubdivisionFaulkner Point North 3/Northpoint
Land UseResidential
Legal DescriptionFAULKNER POINT NORTH 3/NORTHPOINT BLK 1 LT 1 FAULKNER PT NORTH #3 BLDG E UNIT 124 CE 1.1713% INT202200152041 DD05272022 CO-DC
Census Tract018137
Assessed Land Value$15,430
Assessed Improvement Value$117,370
Assessment Year2025

About this property

***MULTIPLE OFFER DEADLINE MONDAY 4-25-22 AT NOON*** Lakefront Gated Community - North Point on the Lake. First Floor Corner Unit with Amazing Covered Patio with Views of Landscape Courtyard and Pool area. Open floor plan with wood-burning fireplace, open kitchen, recessed lighting, large bedroom with built-in shelves in the closet, walk-in shower, storage area, and separate laundry room. Patio door opens to 8x8-ish covered courtyard patio with 2x6-ish locked storage closet. Lakefront Park area overlooking Lake Ray Hubbard with walk-path, grills, picnic tables, & fishing. Close to local dining, shopping, and highways.

Investor Tools

Property Icon
$132,800
Estimated Property Value
$0Estimated Mortgage Balance
$35,105Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$797 /month
Positive
Cash Flow Estimate:
$266 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$364/month
$229/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,699
$132,800
2025
$15,430
$117,370
$132,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,699
$132,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$105,600
No
First
May 27, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,695
$35,105
26%
74%
$634/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$863/mo
+$463/mo
12.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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