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$320,000

NAL Estimated Property Value

2905 Cotton Gum Rd, Garland, TX, 75044

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,513 Sq Ft
price_per_sqft$204.82 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Lot Size7,068 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26162800130110000
Lot Number11
SubdivisionEast Park Village
Land UseResidential
Legal DescriptionEAST PARK VILLAGE 3 BLK 13 LT 11 INT202300105616 DD05252023 CO-DC 1628001301100 1CG16280013
Census Tract019029
Assessed Land Value$80,000
Assessed Improvement Value$217,650
Assessment Year2025

About this property

Great starter home or rental property- This 3 bedroom, 2 bath, 2 car garage home is ready for move in * New granite countertops & sinks in kitchen & baths, New carpet in all 3 bedrooms & living area * New luxury vinyl plank in kitchen, baths, utility, & hallways * New 2 inch faux wood blinds throughout * Freshly painted inside and out * 2 New ceiling fans & numerous New light fixtures * Wood burning fireplace * vaulted ceiling in living area * 2 car garage with New opener * fenced backyard * covered side patio * Come and see this lovely place to call your home!

Investor Tools

Property Icon
$320,000
Estimated Property Value
$282,602Estimated Mortgage Balance
$37,398Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,194
$297,650
2025
$80,000
$217,650
$297,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,194
$297,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Conventional
$299,053
No
First
May 25, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,602
$37,398
11%
88%
$1,793/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,793/mo
+$357/mo
8.1%

City: Garland

2905 Cotton Gum Rd | Property Details | No Agent List