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$313,000

NAL Estimated Property Value

2416 Richoak Drive, Garland, TX, 75044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,672 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$110.59 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Lot Size2,968 sqft

Building Information

Year Built1974
Stories2
Roof Type105
Garage Spaces2

Land Information

APN26446500010150000
Lot Number15
SubdivisionPark North Townhouses
Land UseResidential
Legal DescriptionPARK NORTH TOWNHOUSES BLK A LOT 15 INT202000026992 DD01282020 CO-DC 4465000101500 1CG44650001
Census Tract019048
Assessed Land Value$60,000
Assessed Improvement Value$239,020
Assessment Year2025

About this property

Move-in ready, spacious, light and bright. Wonderful 3 bedroom 2.5 bath townhome with small private yard backing up to greenbelt. Great updates including fresh paint, carpet, fixtures and ceiling fans among others. Living with vaulted ceilings and wood-burning fireplace, open kitchen and dining and large Master Bedroom with sliding doors to patio. Fantastic location and walking distance to park, community swimming pool and schools.

Investor Tools

Property Icon
$313,000
Estimated Property Value
$126,089Estimated Mortgage Balance
$186,911Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,878 /month
Positive
Cash Flow Estimate:
$626 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
$85/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,332
$299,020
2025
$60,000
$239,020
$299,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,332
$299,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$144,000
No
First
Jan 28, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,089
$186,911
59%
40%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$949/mo
+$1,201/mo
8.2%

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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2416 Richoak Drive | Property Details | No Agent List