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$262,520

1501 High Meadow Dr, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,128 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$237.59 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size7,820 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26461500130080000
Lot Number8
SubdivisionQuail Creek
Land UseResidential
Legal DescriptionQUAIL CREEK 3 BLK 13 LOT 8 INT202300191619 DD09182023 CO-DC 4615001300800 1CG46150013
Census Tract018203
Assessed Land Value$65,000
Assessed Improvement Value$197,520
Assessment Year2025

About this property

Charming home located on a quiet and peaceful neighborhood. This home features 3 bedrooms, 2 full bathrooms and 1 car garage. Freshly painted throughout, laminate floors, granite countertops and stainless steel appliances. The backyard is generously large and great for friends or family gatherings. This move-in ready home is perfect to hold it as an investment or as a starter home. Great location with nearby dining, shopping and access to major roads. Close to Firewheel shopping mall and George Bush Turnpike.

Investor Tools

Property Icon
$262,520
Estimated Property Value
$210,000Estimated Mortgage Balance
$62,719Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,608 /month
Positive
Cash Flow Estimate:
$536 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,457
$262,520
2025
$65,000
$197,520
$262,520
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,457
$262,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$210,000
No
First
Sep 18, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,801
$62,719
23%
76%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,260/mo
+$712/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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1501 High Meadow Dr | Property Details | No Agent List