NoAgentList RatingHow are grades calculated?

1view

$300,000

1518 Deepwood Dr, Garland, TX, 75040

Off Market

4 Beds

2 Bath

1,594 Sq Ft

Single Family Residence

$188.21 / sqft

Built in 1974

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Range, Microwave

FlooringVinyl

Exterior

Private Pool

Exterior FeaturesAwning(s), Lighting, Storage

Lot Size7,772 sqft

Building Information

Year Built1974

Stories1

Roof Type105

Garage Spaces1

Land Information

APN26404500210290000

Lot Number29

SubdivisionNorthlake

Land UseResidential

Legal DescriptionNORTHLAKE ESTATES 9 BLK U LT 29 INT202300000527 DD12302022 CO-DC 4045002102900 1CG40450021

Census Tract018120

Assessed Land Value$55,000

Assessed Improvement Value$235,460

Assessment Year2025

About this property

REDUCED PRICE! Welcome to your own Backyard Paradise! Perfect for relaxing and entertaining your family & friends! Backyard is complete with half in-half above ground pool & deck, covered patio attached to home, koi pond, posts for hammock, cooking & grilling area, storage building, nice privacy wood fence, grassy area, and beautiful landscaping! So much to Love in this Remodeled Kitchen with maple cabinets, granite countertops, stainless convection electric range, slate backsplash, coffee bar, lazy susan, pantry cabinet & additional pantry in dining area. Fridge is negotiable. New Luxury Vinyl Plank flooring throughout majority of the home, No carpet! Updated Baths with gorgeous ceramic tile! New Roof in 2016. 2020 Updates include HVAC system, ductwork, Water Heater, All Windows and exterior doors! The oversized driveway, separately fenced storage area at side yard & extended front porch make this a win all the way around! Don't miss out on this well maintained 4 bedroom, 2 bath home!

Investor Tools

$290,460

Estimated Property Value

$294,566Estimated Mortgage Balance

$3,468Estimated Equity

-1% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,800 /month

Positive

Cash Flow Estimate:

$600 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$671/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,604

$290,460

2025

$55,000

$235,460

$290,460

Tax History

Year

Tax Paid

Assessed Value

2024

$6,604

$290,460

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Everett Financial Inc

Fha

$294,566

Yes

First

Dec 30, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$286,992

$3,468

99%

$1,838/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$1,838/mo

+$134/mo

8.1%

Learn About the Market: Opportunity in Texas

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 This Area