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$351,910

NAL Estimated Property Value

3002 Meadow Park Drive, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,674 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.22 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size7,130 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26086500060050000
Lot Number5
SubdivisionCentury Park
Land UseResidential
Legal DescriptionCENTURY PARK BLK 6 LT 5 INT202400168548 DD08162024 CO-DC 0865000600500 1CG08650006
Census Tract019027
Assessed Land Value$75,000
Assessed Improvement Value$276,910
Assessment Year2025

About this property

Searching high and low for an affordable home? Beauty, warmth, and value abound with numerous recent updates including the front door, laminate flooring, granite countertops, updated tile, several new windows, and a sliding door with access to the back yard. The spacious living area boasts a vaulted ceiling with accent beam, a brick fireplace with gas logs, and laminate flooring. Step into the kitchen to enjoy your gas range, granite countertops, and an abundance of natural light. The formal dining is currently used as a flex room. A new fence, gutters, and more insulation was added when the seller purchased the home. In 2019 a new furnace was installed. The roof was replaced right before the seller purchased the house in 2017. The garage has been converted to a second living area, but it can easily be converted back to a garage. There is plenty of room in the house and back yard for entertaining family and friends. Why pay rent when you can afford to own this one?

Investor Tools

Property Icon
$351,910
Estimated Property Value
$286,206Estimated Mortgage Balance
$65,704Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,111 /month
Positive
Cash Flow Estimate:
$704 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$674/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,333
$351,910
2025
$75,000
$276,910
$351,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,333
$351,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$289,656
Yes
First
Aug 16, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,206
$65,704
18%
81%
$1,772/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,772/mo
+$200/mo
6.7%

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.

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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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3002 Meadow Park Drive | Property Details | No Agent List