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$215,000

1505 Davis Blvd, Garland, TX, 75042

$239,219 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,407 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.81 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringCeramic Tile, Laminate

Exterior

Lot Size7,800 sqft

Building Information

Year Built1952
Stories1
Roof Type105

Land Information

APN26209500020080000
Lot Number8
SubdivisionGarland Park
Land UseResidential
Legal DescriptionGARLAND PARK BLK 2 LOT 8 INT202100359768 DD11302021 CO-DC 2095000200800 1CG20950002
Census Tract018600
Assessed Land Value$50,000
Assessed Improvement Value$194,770
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED, BEST AND FINAL DUE AT 6:00 PM TUESDAY, OCT 12. This 3-1 home located in the heart of Garland is updated and ready for new owners. You will love the spacious kitchen that opens to the dining room and living room. The utility room has built in cabinets and room for more than your washer and dryer. There is also a covered deck out back to enjoy time outdoors in the large back yard that also has an 8x10 storage building. Conveniently located to major freeways, schools, retail and dining.

Investor Tools

Property Icon
$244,770
Estimated Property Value
$194,400Estimated Mortgage Balance
$66,911Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$239,218
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,469 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,565
$244,770
2025
$50,000
$194,770
$244,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,565
$244,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Purchase Money Mortgage
$194,400
No
First
Nov 30, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$177,859
$66,911
27%
73%
$1,166/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,166/mo
+$806/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.

Explore Texas Explore This Area
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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1505 Davis Blvd | Property Details | No Agent List