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$188,480

NAL Estimated Property Value

1513 E Interstate 30 # F-226, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,178 Sq Ft
price_per_sqft$168.93 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
FlooringCarpet, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Lot Size3.03 acres

Building Information

Year Built1983
Stories2
Roof Type105

Land Information

APN26405000000F00226
Lot Number1
SubdivisionFaulkner Point North 3/Northpoint
Land UseResidential
Legal DescriptionFAULKNER POINT NORTH 3/NORTHPOINT BLK 1 LT 1 FAULKNER PT NORTH #3 BLDG F UNIT 226 CE 2.0781% INT202400111450 DD05302024 CO-DC
Census Tract018137
Assessed Land Value$27,390
Assessed Improvement Value$161,090
Assessment Year2025

About this property

Do you want to live by the lake??? This is your chance. This property is conveniently located across the lake where you can have a picnic, can go fishing, get together, or just relax at the end of a busy day. This condominium has 3 bed, 2 bath with plenty of natural light through out. The main bedroom is on the third floor, has additional entrance from the outside. It has a primary bathroom with double sinks and a jetted tub. Couple more spacious bedrooms, full bathroom, dining area and a cozy family room are on the second floor with recently upgraded luxury vinyl flooring. Beautiful fireplace is situated in the living area. Dining area has an access to the back porch where you can sit, relax while enjoying your favorite drink. From the porch, it has stairs going down to the common area including the community pool. The property has easy access to Interstate 30 and President George Bush Freeway and conveniently located few minutes away from Rockwall Harbor. Schedule your tour now...

Investor Tools

Property Icon
$188,480
Estimated Property Value
$179,854Estimated Mortgage Balance
$8,626Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
$315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,821
$188,480
2025
$27,390
$161,090
$188,480
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,821
$188,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Fha
$186,558
Yes
First
May 30, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,854
$8,626
4%
95%
$1,119/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,434/mo
+$538/mo
12.6%

Learn About the Market: Opportunity in Texas

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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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1513 E Interstate 30 # F-226 | Property Details | No Agent List