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$272,430

NAL Estimated Property Value

3106 Lakewood Drive, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,318 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.99 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop
FlooringCarpet

Exterior

Lot Size7,488 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26666500160300000
Lot Number30
SubdivisionWestern Heights
Land UseResidential
Legal DescriptionWESTERN HEIGHTS 2 BLK 16 LOT 30 INT202100112824 DD04162021 CO-DC 6665001603000 1CG66650016
Census Tract019046
Assessed Land Value$50,000
Assessed Improvement Value$222,430
Assessment Year2025

About this property

Remember a time when life was simpler and homes were built to stand the test of time? This charming cottage is a true testament to quality construction. Framed by towering trees, the inviting front porch welcomes beckons. Inside the freshly painted home, there is an open concept kitchen remodeled with antique white cabinets, granite countertops and a fantastic gas cooktop. Refrigerator is included. A huge pantry doubles as a utility room. Luxury vinyl plank extends into the dining area which overlooks the spacious backyard that provides plenty of space for outdoor activities, barbecues and gardening. Huge two car garage with plenty of storage space. Roof replaced in recent years. Everything you need is nearby!

Investor Tools

Property Icon
$272,430
Estimated Property Value
$162,489Estimated Mortgage Balance
$109,941Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,635 /month
Positive
Cash Flow Estimate:
$545 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$630/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,194
$272,430
2025
$50,000
$222,430
$272,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,194
$272,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$180,000
No
First
Apr 16, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,489
$109,941
40%
60%
$1,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,080/mo
+$892/mo
8.7%

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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3106 Lakewood Drive | Property Details | No Agent List