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$238,780

302 Loma Drive, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,094 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.3 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,200 sqft

Building Information

Year Built1955
Stories1
Roof Type105

Land Information

APN26240500050100000
Lot Number10
SubdivisionGlenfield
Land UseResidential
Legal DescriptionGLENFIELD BLK 5 LT 10 INT202000031299 DD01312020 CO-DC 2405000501000 1CG24050005
Census Tract018204
Assessed Land Value$65,000
Assessed Improvement Value$173,780
Assessment Year2025

About this property

Fully updated from top to bottom. New Roof, New Kitchen, New stain steel Appliances, New Bathroom, New Floor all house , New wire Electricity, New sewer drainage, New Water heather , New kitchen cabinets, quarts counter top , New fixtures , New interior and exterior doors , New electricity breaker box ,electric meter , fresh indoor and exterior paint and more.

Investor Tools

Property Icon
$238,780
Estimated Property Value
$0Estimated Mortgage Balance
$125,614Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,433 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,429
$238,780
2025
$65,000
$173,780
$238,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,429
$238,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Conventional
$124,600
No
First
Jan 31, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,166
$125,614
52%
47%
$748/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$748/mo
+$1,824/mo
12.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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302 Loma Drive | Property Details | No Agent List