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$309,000

2722 Ripplewood Drive, Garland, TX, 75044

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,427 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.85 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26016500130190000
SubdivisionArapaho East
Land UseResidential
Legal DescriptionARAPAHO EAST 3 BLK 13 LOT 19 INT201900297658 DD11042019 CO-DC 0165001301900 1CG01650013
Census Tract019028
Assessment Year2025

About this property

Tastefully and beatifully remodeled! Updated kitchen with granite, new cabinets and fixtures. Both baths have recently been updated with new tiles, shower and fixtures. All new paint and inset lighting in all rooms. New energy efficient windows and water heater. The large living room has a fireplace and new French doors. The eat-in kitchen is spacious and open with ceramic tile flooring. There are beautiful new wood floors in living room and hall. Split bedroom floor plan with new paint, carpet, and ceiling fans. Beautifully clean and bright on large corner lot with sprinklers. Garage has new paint and refinished floor. Out side has lovely landscaping and recently replaced fence. Like New!

Investor Tools

Property Icon
$309,000
Estimated Property Value
$0Estimated Mortgage Balance
$94,668Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,854 /month
Positive
Cash Flow Estimate:
$618 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,731
$275,580
2025
N/A
N/A
$275,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,731
$275,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-Continent Funding Inc
Va
$241,248
Yes
First
Aug 26, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,332
$94,668
30%
69%
$1,447/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,447/mo
+$703/mo
8.3%

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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2722 Ripplewood Drive | Property Details | No Agent List