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$159,000

1826 Meridian Way, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,078 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.5 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Double Oven
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size7,540 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26400500030300000
Lot Number30
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 6 BLK C LOT 30 INT201900230014 DD08272019 CO-DC 4005000303000 1CG40050003
Census Tract018121
Assessed Land Value$55,000
Assessed Improvement Value$175,770
Assessment Year2025

About this property

Cute 3 bedroom home with a light bright and open floor plan. This home boasts laminate wood flooring, tile, and carpet in all bedrooms. Energy-efficient windows and a large yard featuring a covered patio with a storage shed to convey. Garage has extra workshop area perfect for all those projects. Extremely well-maintained home on a precious tree-lined street.

Investor Tools

Property Icon
$253,000
Estimated Property Value
$163,975Estimated Mortgage Balance
$103,193Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,518 /month
Positive
Cash Flow Estimate:
$506 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,487
$230,770
2025
$55,000
$175,770
$230,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,487
$230,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Fha
$163,975
Yes
First
Aug 27, 2019
Sep 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,807
$103,193
40%
59%
$1,037/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,037/mo
+$935/mo
9.4%

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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