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$184,900

2005 Highmont Drive, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,132 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.34 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringLaminate

Exterior

Lot Size6,944 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26263550040140000
Lot Number14
SubdivisionHigh Meadows
Land UseResidential
Legal DescriptionHIGH MEADOWS BLK 4 LT 14 INT202100126235 DD04282021 CO-DC 2635500401400 1CG26355004
Census Tract018205
Assessed Land Value$70,000
Assessed Improvement Value$163,790
Assessment Year2025

About this property

**MULTIPLE OFFERS RECEIVED**DEADLINE FOR SUBMISSION IS APRIL 2 AT 10AM. Location, condition, price! It's all right here! Large living-dining combination, fireplace, step saver kitchen. Heat & air unit replaced 2017, stove 2017, foundation w-warranty 2017, and roof replaced 2021. Fresh paint inside plus updated bath, so this one is move-in ready. Large backyard with newer wood fence, rear entry garage. Be the first to see this one for under 200K

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$85,059Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,488 /month
Positive
Cash Flow Estimate:
$496 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,451
$233,790
2025
$70,000
$163,790
$233,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,451
$233,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$180,500
No
First
Apr 28, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,941
$85,059
34%
66%
$1,083/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,083/mo
+$889/mo
9.5%

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.

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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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2005 Highmont Drive | Property Details | No Agent List