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$405,620

NAL Estimated Property Value

205 Ridgegate Drive, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,894 Sq Ft
price_per_sqft$153.12 / sqft
Year BuiltBuilt in 1981

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
AppliancesElectric Cooktop, Electric Oven, Microwave, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Lot Size8,520 sqft

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26238960070080000
Lot Number8
SubdivisionGlenbrook Meadows
Land UseResidential
Legal DescriptionGLENBROOK MEADOWS 7 BLK 7 LOT 8 INT202000353257 DD12162020 CO-DC 2389600700800 1CG23896007
Census Tract019025
Assessed Land Value$100,000
Assessed Improvement Value$305,620
Assessment Year2025

About this property

Ready for immediate move-in. Spacious one story home. Hard wood flooring, recent paint, granite counter top, updated bathrooms, and new fence. Accessible to President George Bush Highway and Near Firewheel Mall.

Investor Tools

Property Icon
$405,620
Estimated Property Value
$255,026Estimated Mortgage Balance
$150,594Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,434 /month
Positive
Cash Flow Estimate:
$811 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$811/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,701
$405,620
2025
$100,000
$305,620
$405,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,701
$405,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$284,747
No
First
Dec 16, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,026
$150,594
37%
63%
$1,708/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,708/mo
+$264/mo
5.8%

City: Garland

205 Ridgegate Drive | Property Details | No Agent List