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$220,480

NAL Estimated Property Value

215 Southwood Dr, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,082 Sq Ft
price_per_sqft$175.6 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range

Exterior

Lot Size7,782 sqft

Building Information

Year Built1940
Stories1
Roof Type105

Land Information

APN26240500050210000
Lot Number21
SubdivisionGlenfield
Land UseResidential
Legal DescriptionGLENFIELD BLK 5 LOT 21 INT202400093237 DD05062024 CO-DC 2405000502100 1CG24050005
Census Tract018204
Assessed Land Value$65,000
Assessed Improvement Value$155,480
Assessment Year2025

About this property

Financing fell through - Charming updated home originally built in 1940, but updated throughout with modern improvements. Conveniently located near Historic Downtown Garland, this property offers easy access to shopping, dining, and public transportation, and is served by award winning Garland ISD. The home features an open floor plan with three bedrooms and two bathrooms, providing comfortable living and entertaining space. Updates throughout enhance livability while maintaining original charm. The large backyard is shaded by mature trees, offering ample room for outdoor enjoyment. This property is subject to program eligibility requirements. Household income must not exceed 80% of Area Median Income. Please review the income limit chart provided in MLS Documents for full details and qualification information. $10,000 down payments assistance is being offered by the Seller for qualified buyers.

Investor Tools

Property Icon
$220,480
Estimated Property Value
$245,706Estimated Mortgage Balance
$220,480Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,323 /month
Positive
Cash Flow Estimate:
$441 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$360/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$220,480
2025
$65,000
$155,480
$220,480
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$220,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Of Garland
Purchase Money Mortgage
$247,500
No
First
Dec 8, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,706
N/A
0%
111%
$1,484/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,484/mo
+$81/mo
8.5%

City: Garland

215 Southwood Dr | Property Details | No Agent List