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$298,000

NAL Estimated Property Value

1610 Meadow Way, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,504 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.3 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Range, Plumbed For Ice Maker
FlooringCeramic Tile, Slate

Exterior

Exterior FeaturesStorage
Lot Size7,320 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26243500020050000
Lot Number5
SubdivisionGolden Meadows
Land UseResidential
Legal DescriptionGOLDEN MEADOWS 1 BLK 2 LT 5 INT201800334352 DD12202018 CO-DC 2435000200500 1CG24350002
Census Tract018900
Assessed Land Value$70,000
Assessed Improvement Value$214,200
Assessment Year2025

About this property

Completely remodeled home with a brand new rear entry and garage-workshop. This 3 Bed, 2 Bath home has it all. Some of the features include new granite counters, cabinets, flooring, windows, bathrooms, plumbed gas line, and fresh paint. Sellers converted half the garage into a second living area (with city permits). They then built a brand new second car garage or workshop with a concrete driveway in the back yard. Perfect for the self-employed! Home has a desired open concept. Large back yard perfect for entertaining. This home is a great deal at this price.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$143,861Estimated Mortgage Balance
$154,139Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$423/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,580
$284,200
2025
$70,000
$214,200
$284,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,580
$284,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$156,946
No
First
Dec 2, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,861
$154,139
51%
48%
$941/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$941/mo
+$1,031/mo
7.9%

City: Garland

1610 Meadow Way | Property Details | No Agent List