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$268,000

203 E Wanda Dr, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,562 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.99 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range, Microwave, Tankless Water Heater
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage
Lot Size7,910 sqft

Building Information

Year Built1961
Stories1
Roof Type105

Land Information

APN26127500010140000
Lot Number14
SubdivisionCumberland Lake
Land UseResidential
Legal DescriptionCUMBERLAND LAKE BLK 1 LOT 14 INT202500072030 DD04072025 CO-DC 1275000101400 1CG12750001
Census Tract018204
Assessed Land Value$60,000
Assessed Improvement Value$108,550
Assessment Year2025

About this property

Welcome to your dream home in Garland! This beautifully renovated 4-bedroom, 2-bath residence offers the perfect blend of modern comfort and prime location. Conveniently situated near major highways including I-635, I-30, and President George Bush Turnpike, you'll enjoy quick access to Lake Ray Hubbard, scenic parks, shopping centers, restaurants, and entertainment. Step inside to discover a thoughtfully updated interior featuring new flooring, custom cabinetry, stainless steel appliances, and completely remodeled bathrooms. The spacious living area is anchored by a stunning electric fireplace, creating a cozy atmosphere perfect for gatherings. For added peace of mind, the home includes a brand-new roof, updated plumbing, and electrical panel. Outside, the extended driveway offers ample parking with gated access to the backyard—ideal for extra vehicles, a boat, or an RV. Enjoy outdoor living year-round with a covered patio, charming pergola, and two spacious storage units. This move-in ready home truly has it all—modern upgrades, thoughtful details, and an unbeatable location. Come see it today!

Investor Tools

Property Icon
$268,000
Estimated Property Value
$270,019Estimated Mortgage Balance
$1,529Estimated Equity
-1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,649 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,671
$168,550
2025
$60,000
$108,550
$168,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,671
$168,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$270,019
Yes
First
Aug 18, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,471
$1,529
0%
99%
$1,619/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,619/mo
+$953/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.

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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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203 E Wanda Dr | Property Details | No Agent List