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$224,000

NAL Estimated Property Value

2209 Sharon Drive, Garland, TX, 75041

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,027 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.27 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater, Gas Water Heater
FlooringCarpet, Wood

Exterior

Exterior FeaturesStorage
Lot Size7,200 sqft

Building Information

Year Built1952
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26141500050030000
Lot Number3
SubdivisionDevonwood Park
Land UseResidential
Legal DescriptionDEVONWOOD PARK 2 BLK E LOT 3 INT202100244813 DD08162021 CO-DC 1415000500300 1CG14150005
Census Tract018300
Assessed Land Value$35,000
Assessed Improvement Value$181,630
Assessment Year2025

About this property

Multiple Offers Received NO MORE SHOWINGS. City of Garland is reviewing offers. SPECIAL GARLAND FINANCING FOR FIRST TIME HOME BUYERS. No investor or cash offers will be considered. Must meet the financial qualifications listed in attached documents. Updated 2 bedroom, 1 bath, two living areas, dining room and updated kitchen. All of this and its close to shopping, downtown Garland, and mass transit. The work as been done, new windows, new appliances, hardwood floors, new electrical panel, paint throughout, and more. Detached garage with utility room and washer and dryer hookups, and plenty of room for a workshop. New wood fence and a large back yard. You have to see this one!

Investor Tools

Property Icon
$224,000
Estimated Property Value
$82,876Estimated Mortgage Balance
$141,124Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,055
$216,630
2025
$35,000
$181,630
$216,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,055
$216,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The City Of Garland
Purchase Money Mortgage
$91,100
No
First
Aug 16, 2021
Oct 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,876
$141,124
63%
37%
$547/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$547/mo
+$1,425/mo
10.6%

City: Garland

2209 Sharon Drive | Property Details | No Agent List