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$233,800

NAL Estimated Property Value

1506 Madera Drive, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,055 Sq Ft
price_per_sqft$127.01 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Refrigerator
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size7,500 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26399500110020000
Lot Number2
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 5 BLK K LT 2 INT202000010940 DD01102020 CO-DC 3995001100200 1CG39950011
Census Tract018121
Assessed Land Value$84,000
Assessed Improvement Value$149,800
Assessment Year2025

About this property

BACK ON THE MARKET! CASH ONLY-PRICED BELOW MARKET. CASH ONLY Beautiful mature trees & shrubbery give this home instant curb appeal. Long entry leads you in. Large glass door off back of home lets in ample amounts of light creating a bright open airy living space. Living area is over looked by kitchen with tile counter tops complimented by ceramic tile black splash. Utility & garage entrance are right off the kitchen for convenience. Down hall are the master bedroom equipped with walk-in-closet & half bath. Plus, 2 spare bedrooms & guest bath. Head out back to heavily tree'd yard with room for family relaxing, football, the dog & everything that comes with backyard paradise.

Investor Tools

Property Icon
$233,800
Estimated Property Value
$121,711Estimated Mortgage Balance
$112,089Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,403 /month
Positive
Cash Flow Estimate:
$468 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,316
$233,800
2025
$84,000
$149,800
$233,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,316
$233,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homenow Llc
Commercial
$139,000
No
First
Jan 10, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,711
$112,089
47%
52%
$834/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$834/mo
+$1,138/mo
10.1%

City: Garland

1506 Madera Drive | Property Details | No Agent List