$224,040
NAL Estimated Property Value1600 Nash St, Garland, TX, 75042
Off Market
Property Lead Type:
BankruptcyOff-Market ListAbsentee Owner
Highlights
Interior
AppliancesNone
FlooringLaminate, Tile
Exterior
Lot Size11,180 sqft
Building Information
Year Built1954
Stories1
Roof Type105
Garage Spaces1
Land Information
APN26553500090150000
Lot Number15
SubdivisionSmithwick
Land UseResidential
Legal DescriptionSMITHWICK BLK I LT 15 INT202400084837 DD04252024 CO-DC 5535000901500 1CG55350009
Census Tract018900
Assessed Land Value$110,000
Assessed Improvement Value$114,040
Assessment Year2025
About this property
INVESTOR SPECIAL!!!! REO property taken back by lender. Great potential as a flip or rental property. Probably needs about $20-25K in rehab to get it the way you want it. A small closet needs to be added to one of the bedrooms to make it an official 3rd bedroom. Do your own due diligence. No Option period. Multiple offer situation. Seller will make a final decision on April 5th. Broker owns 25% of the financing company that owns the property.
Investor Tools
$224,040
Estimated Property Value
$141,296Estimated Mortgage Balance
$82,744Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,094
$224,040
2025
$110,000
$114,040
$224,040
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,094
$224,040
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Express Capital Lending
Commercial
$146,800
No
First
Apr 25, 2024
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,296
$82,744
36%
63%
$881/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$881/mo
+$684/mo
8.4%
