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$289,070

NAL Estimated Property Value

2205 Meadow Ln, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,909 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.62 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop

Exterior

Lot Size5,875 sqft

Building Information

Year Built1982
Stories2
Roof Type105
Garage Spaces1

Land Information

APN26080800150150000
Lot Number15
SubdivisionCarriagehouse
Land UseResidential
Legal DescriptionCARRIAGEHOUSE ESTATES 5 BLK 15 LOT 15 INT202500141505 DD07072025 CO-DC 0808001501500 1CG08080015
Census Tract018152
Assessed Land Value$77,000
Assessed Improvement Value$212,070
Assessment Year2025

About this property

Attention! An incredible opportunity awaits at 2205 Meadow Lane in Garland—a pre-inspected 3-bedroom, 2-bath home that’s ready for your personal touch. This property features a bright and open floor plan, vaulted ceilings, new windows, and a generously sized backyard with new fence perfect for entertaining or relaxing. Key structural updates have already been completed, including a new roof in 2022 and foundation repairs in 2024 with Hydrostatic Test, providing peace of mind and a solid starting point for further customization. Enjoy the benefits of a prime, convenient location with easy access to Highway 78, the President George Bush Turnpike, and proximity to Firewheel Town Center, Home Depot, Lowe’s, Sam’s Club, and a wide array of restaurants and retail options. Whether you're an investor seeking your next income-producing property or a homeowner looking to renovate and build equity, this home offers endless potential in a thriving area of Garland.

Investor Tools

Property Icon
$289,070
Estimated Property Value
$251,557Estimated Mortgage Balance
$37,513Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$668/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,573
$289,070
2025
$77,000
$212,070
$289,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,573
$289,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Fha
$255,290
Yes
First
Jul 7, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,557
$37,513
12%
87%
$1,531/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,531/mo
+$1,041/mo
10.7%

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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2205 Meadow Ln | Property Details | No Agent List