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$273,000

2520 Morningside Dr, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,475 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.97 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Microwave, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Lot Size7,490 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26483500070040000
Lot Number4
SubdivisionRidgecrest Park
Land UseResidential
Legal DescriptionRIDGECREST PARK ESTATES BLK 7 LOT 4 INT201800307419 DD11192018 CO-DC 4835000700400 1CG48350007
Census Tract018501
Assessed Land Value$55,000
Assessed Improvement Value$205,340
Assessment Year2025

About this property

Great opportunity to own this 4 bedroom 2 bath 2 car garage home near schools and minutes from 635. This home features the original hardwood floors in the living area, bedrooms and hallway and tile in the kitchen, dining and baths. The kitchen boast granite countertops, custom backsplash and stainless steel appliances. Dining room also makes a great 2nd living area. Landscaped yard with mature trees and a beautiful arbor covered stamped concrete patio with cedar columns and ceiling fan. Refrigerator and stacked washer and dryer stay with home. Seller believes there is wood floors under carpet in master bedroom. Hurry this one won't last long.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$176,968Estimated Mortgage Balance
$111,381Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,911
$260,340
2025
$55,000
$205,340
$260,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,911
$260,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Unknown
$176,968
No
First
Nov 19, 2018
Dec 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$161,619
$111,381
40%
59%
$1,137/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,137/mo
+$835/mo
8.7%

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.

Explore Texas Explore This Area
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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2520 Morningside Dr | Property Details | No Agent List