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$322,400

NAL Estimated Property Value

2406 Richland Drive, Garland, TX, 75044

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,512 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.83 / sqft
Year BuiltBuilt in 1972

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
AppliancesDishwasher, Electric Range, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesAwning(s)
Lot Size7,130 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26482500130250000
Lot Number25
SubdivisionRichland Meadows
Land UseResidential
Legal DescriptionRICHLAND MEADOWS BLK M LT 25 INT202200250842 DD09192022 CO-DC 4825001302500 1CG48250013
Census Tract019049
Assessed Land Value$50,000
Assessed Improvement Value$272,400
Assessment Year2025

About this property

ALL OFFER'S DUE BY 5PM AUGUST 19th! Hello Beautiful! Welcome to this Meticulously Maintained Home In Richland Meadows! This Home Features 3 Bedrooms, 2 Full Baths, Massive Living Room, Dinning Room and A Grand Master Retreat That Provides A Great Escape With An Additional Sitting Area. Perfect For Entertaining Inside or Out! This Home Has It All! So Many Updates That Include New Wood Look Tile, Carpet, Exterior Paint, Cedar In The Backyard, HVAC, Windows, Lighting, Guest Bath Remodel and Brand New Appliances! This Home Is One Of A Kind! Owners Spared No Expense In Making It Just That! Schedule Your Appointment Today! This Will Not Last Long!

Investor Tools

Property Icon
$322,400
Estimated Property Value
$311,087Estimated Mortgage Balance
$11,313Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,031 /month
Positive
Cash Flow Estimate:
$677 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$745/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,331
$322,400
2025
$50,000
$272,400
$322,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,331
$322,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$333,841
Yes
First
Sep 19, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$311,087
$11,313
3%
96%
$2,002/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$2,002/mo
+$148/mo
8.0%

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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2406 Richland Drive | Property Details | No Agent List