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$330,000

307 W Rio Grande St, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,050 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.6 / sqft
Year BuiltBuilt in 1959

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 Cooktop, Electric Oven, Microwave, Convection Oven
FlooringCarpet, Hardwood

Exterior

Lot Size11,700 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26490500020090000
Lot Number9
SubdivisionRidgewood Park
Land UseResidential
Legal DescriptionRIDGEWOOD PARK BLK B LOT 9 INT202300215981 DD10202023 CO-DC 4905000200900 1CG49050002
Census Tract018402
Assessed Land Value$70,000
Assessed Improvement Value$259,210
Assessment Year2025

About this property

Amazing updated home in prestigious Duck Creek neighborhood in Garland, TX. Well established neighborhood with huge trees throughout. This home boasts 2 driveways in back, one with a wired and lit workshop and a single car space, the other with an oversize 2 car garage, with storage closets. Easily enough space to park 6 vehicles. Original wood flooring with 8-12 foot wood beams in a rich mahogany, a gas log fireplace in the Living room, formal dining room, breakfast bar and a large covered back porch with fans and outdoor electric wiring. Huge master bed and bath, spacious second& third bedrooms with a Jack and Jill bathroom between them. This home has a bonus room upstairs that has been used as an artist’s studio and a workout room respectively by the only 2 owners that have lived here. Home has a wireless security system, and a sprinkler system with a new Rainbird wireless (phone ready) controller. This beautiful home will not last long!

Investor Tools

Property Icon
$330,000
Estimated Property Value
$300,162Estimated Mortgage Balance
$43,937Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,160 /month
Positive
Cash Flow Estimate:
$720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$741/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,240
$329,210
2025
$70,000
$259,210
$329,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,240
$329,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$300,162
Yes
First
Oct 20, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,063
$43,937
13%
87%
$1,800/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,800/mo
+$172/mo
7.2%

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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307 W Rio Grande St | Property Details | No Agent List