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$323,880

NAL Estimated Property Value

226 Drake Lane, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,859 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.1 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size7,082 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26142800030410000
Lot Number41
SubdivisionDuck Creek
Land UseResidential
Legal DescriptionDUCK CREEK ESTATES BLK 3 LT 41 INT202000180523 DD06302020 CO-DC 1428000304100 1CG14280003
Census Tract018111
Assessed Land Value$65,000
Assessed Improvement Value$258,880
Assessment Year2025

About this property

Completely updated interior. BRAND NEW carpet, Laminate Flooring, Granite Counters in kitchen and bathrooms, Stainless Steel Appliances. Fresh Sod in the entire back yard. Close to highway 635, restaurants, shopping. Great starter home nestled in an awesome neighborhood.

Investor Tools

Property Icon
$323,880
Estimated Property Value
$205,896Estimated Mortgage Balance
$117,984Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,943 /month
Positive
Cash Flow Estimate:
$648 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$681/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,554
$323,880
2025
$65,000
$258,880
$323,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,554
$323,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$232,703
No
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,896
$117,984
36%
64%
$1,396/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,696/mo
+$876/mo
9.5%

City: Garland

226 Drake Lane | Property Details | No Agent List