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$323,000

NAL Estimated Property Value

1509 Monterrey Drive, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,902 Sq Ft
price_per_sqft$167.14 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size9,450 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26249600230030000
Lot Number3
SubdivisionGolden Meadows
Land UseResidential
Legal DescriptionGOLDEN MEADOWS 8 BLK 23 LOT 3 INT202200283878 DD10282022 CO-DC 2496002300300 1CG24960023
Census Tract018900
Assessed Land Value$60,000
Assessed Improvement Value$242,570
Assessment Year2025

About this property

Welcome to this charming well maintained traditional one story house in established Golden Meadows neighborhood.This cozy home offers 3 bedrooms 2 full baths 2 car garage plus a large living room with brick fireplace and wet bar. Gather and stay warm on those cold winter nights around the fireplace with glowing gas logs. sunny and bright breakfast nook and great size dining room with bay window and plantation shutters.walk into the backyard complete with 8 ft board on board privacy fence and check out the barn perfect for a workshop or great storage and or a man cave.Freshly painted interior and new carpet installed prior to listing.Great investment property for a rental or first time home buyer with a growing family.

Investor Tools

Property Icon
$323,000
Estimated Property Value
$213,539Estimated Mortgage Balance
$109,461Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,938 /month
Positive
Cash Flow Estimate:
$646 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$763/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,538
$302,570
2025
$60,000
$242,570
$302,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,538
$302,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of America
Conventional
$228,750
No
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,539
$109,461
33%
66%
$1,372/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,372/mo
+$600/mo
7.3%

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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1509 Monterrey Drive | Property Details | No Agent List