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B+
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$268,000

1609 Murray Dr, Garland, TX, 75042

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,432 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.04 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesStorage

Building Information

Year Built1953
Stories1
Roof Type105

Land Information

APN26123500070170000
SubdivisionCrest Ridge Estates
Land UseResidential
Legal DescriptionCREST RIDGE ESTATES 2 BLK 7 LOT 17 INT201400027349 DD01312014 CO-DC 1235000701700 1CG12350007
Census Tract018600
Assessment Year2025

About this property

Affordable 4-bedroom home in a central location in great condition! Replaced in 2019-2020 due to storm damage to the siding, roof, windows, HVAC, the water heater, the fence with double gate, and the shed a huge backyard. Original hardwood floors in all rooms except kitchen and 4th bedroom. The eat-in kitchen has ample cabinet counter space, gas range, and a dishwasher. The primary suite has a full bath and a large closet with a washer-dryer area for convenience. This one is close to schools, shopping, and churches and is at an affordable price!

Investor Tools

Property Icon
$268,000
Estimated Property Value
$66,000Estimated Mortgage Balance
$220,156Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$619/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,094
$268,000
2025
N/A
N/A
$268,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,094
$268,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$66,000
No
First
Jan 31, 2014
Feb 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,844
$220,156
82%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
11.5%

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.

Explore Texas Explore This Area
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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1609 Murray Dr | Property Details | No Agent List