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$336,350

NAL Estimated Property Value

1941 Elm Creek Drive, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.89 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size13,314 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26404510050010000
Lot Number1
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 13 BLK 5 LOT 1 INT201900218733 DD08162019 CO-DC 4045100500100 1CG40451005
Census Tract018120
Assessed Land Value$70,000
Assessed Improvement Value$266,350
Assessment Year2025

About this property

Super-Cute, large corner lot, landscaped home with many updates. New Black Appliances include Range, Microwave and dishwasher. New black ceiling fans, new decorative lighting, and new 2 inch blinds. Removed popcorn ceilings, textured and gray paint throughout with white trim and new black doorknobs. Black knobs installed on all cabinets. Beautiful laminate wood floors in living, halls and all bedrooms. Enjoy the large deck and covered patio that looks into a beautiful back yard.

Investor Tools

Property Icon
$336,350
Estimated Property Value
$178,623Estimated Mortgage Balance
$157,727Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,018 /month
Positive
Cash Flow Estimate:
$673 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$534/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,724
$336,350
2025
$70,000
$266,350
$336,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,724
$336,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$206,196
Yes
First
Aug 16, 2019
Sep 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,623
$157,727
46%
53%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,237/mo
+$735/mo
7.0%

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.

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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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1941 Elm Creek Drive | Property Details | No Agent List