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$317,010

NAL Estimated Property Value

2609 Cedar Elm Lane, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,591 Sq Ft
price_per_sqft$125.64 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size7,182 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26421930050100000
Lot Number10
SubdivisionOaks
Land UseResidential
Legal DescriptionOAKS 7 BLK 5 LT 10 INT201900337634 DD12132019 CO-DC 4219300501000 1CG42193005
Census Tract018132
Assessed Land Value$85,000
Assessed Improvement Value$232,010
Assessment Year2025

About this property

Come and enjoy this beautiful 3 bed 2 baths home with new roof, new AC, new water heater, and new fence. Enjoy your gatherings and family time in the spacious living area with vaulted ceilings and wood burning fireplace. Split bedrooms make for great privacy and spacious master will easily accommodate large furniture. Don’t miss out the well-kept patio, with the side patio cover and detached storage. Garage was beautifully converted to a spacious family room and an extra room that can be used as an office or bedroom. This home sits on a quiet well-established neighborhood in Garland, close to shopping, restaurants, parks and a greenbelt. Don't miss the opportunity to make this your home!

Investor Tools

Property Icon
$317,010
Estimated Property Value
$175,033Estimated Mortgage Balance
$141,977Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,902 /month
Positive
Cash Flow Estimate:
$634 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,631
$317,010
2025
$85,000
$232,010
$317,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,631
$317,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Fha
$195,043
Yes
First
Jan 25, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$175,033
$141,977
44%
55%
$1,170/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,170/mo
+$802/mo
7.5%

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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2609 Cedar Elm Lane | Property Details | No Agent List