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$298,000

NAL Estimated Property Value

248 E Marguerita Dr, Garland, TX, 75040

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,643 Sq Ft
price_per_sqft$182.59 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range

Exterior

Lot Size7,144 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26502500020130000
Lot Number13
SubdivisionRouth Terrace
Land UseResidential
Legal DescriptionROUTH TERRACE BLK B LOT 13 INT201500183962 DD07012015 CO-DC 5025000201300 1CG50250002
Census Tract018204
Assessed Land Value$60,000
Assessed Improvement Value$185,000
Assessment Year2025

About this property

Step into this beautifully renovated home, built in 1960. The heart of the home features a brand-new kitchen with sleek granite countertops, 4-bedrooms and 2-bathrooms . The true bonus is the nicely converted garage suite with its own exterior access offering an additional bedroom, full bath and kitchen area. The garage unit can only be accessed from the exterior of the home and it is ideal for rental income or a dedicated home office. With classic contemporary upgrades, this property delivers both character and functionality. All information deemed reliable but not guaranteed. Buyer and buyers agent to verify all information contained herein.

Investor Tools

Property Icon
$298,000
Estimated Property Value
$303,743Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,571
$245,000
2025
$60,000
$185,000
$245,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,571
$245,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Stand Alone First / Home Equity First Lien
$294,565
No
First
Feb 27, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,743
N/A
0%
102%
$1,830/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,830/mo
+$742/mo
10.4%

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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248 E Marguerita Dr | Property Details | No Agent List