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$227,000

NAL Estimated Property Value

322 Monica Dr, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,005 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.25 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Combination, Tile

Exterior

Lot Size7,200 sqft

Building Information

Year Built1958
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26354500080050000
Lot Number5
SubdivisionMonica Park
Land UseResidential
Legal DescriptionMONICA PARK 3 BLK 8 LT 5 INT202400035904 DD02122024 CO-DC 3545000800500 1CG35450008
Census Tract018206
Assessed Land Value$70,000
Assessed Improvement Value$101,550
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. PLEASE PROVIDE FINAL AND BEST BY SUNDAY, JANUARY 7, 2024 at 10:00AM. Estate Property offering so many possibilities. Cash offers only. Will not pass financing requirements due to condition and foundation. Based upon permits with the City of Garland: Water Heater 2019 signed by the contractor (Baker Bros). City of Garland Permits on file but not signed by the contractor or owner include Baker Bros Mechanical Residential 2018, Service Panel 2018. Records were obtained from the City of Garland Permits. See supplements. Age of roof is unknown. NO SURVEY-BUYER EXPENSE. Seller will not install a cooktop or microwave. Proof of funds with all cash offers to be submitted with the contract. We are under contract. No ore showings.

Investor Tools

Property Icon
$227,000
Estimated Property Value
$397,590Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,362 /month
Positive
Cash Flow Estimate:
$454 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,746
$171,550
2025
$70,000
$101,550
$171,550
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,746
$171,550

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phillip Luong
Unknown
$199,660
No
First
Feb 27, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$397,590
N/A
0%
175%
$2,396/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,396/mo
$-424/mo
10.4%

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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322 Monica Dr | Property Details | No Agent List