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$132,000

NAL Estimated Property Value

3550 Zion Rd # A-305, Garland, TX, 75043

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths605 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$231.4 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Gas Range, Refrigerator, Washer

Exterior

Lot Size3.03 acres

Building Information

Year Built1983
Stories1
Roof Type105

Land Information

APN26405000000A00305
Lot Number1
SubdivisionFaulkner Point North 3/Northpoint
Land UseResidential
Legal DescriptionFAULKNER POINT NORTH 3/NORTHPOINT BLK 1 LT 1 FAULKNER PT NORTH #3 BLDG A UNIT 305 CE1.0673% INT202500041535 DD02282025 CO-DC
Census Tract018137
Assessed Land Value$14,060
Assessed Improvement Value$85,380
Assessment Year2025

About this property

MODERN LAKEFRONT LIVING IN GARLAND! 1 Bed – 1 Bath – Granite Counters – Lake Views – Fireplace – Community Pool — Only $140,000! This beautifully updated condo offers serene views of Lake Ray Hubbard from your private balcony. Located in Garland ISD, this home provides quick access to I-30 and PGBT, making it an easy commute to Dallas or Rockwall. Recent renovations include granite countertops, a stylish tile backsplash, stainless steel appliances, fresh paint, updated cabinetry, luxury vinyl plank flooring, modern lighting, and a marble-accented fireplace surround. The spacious layout features a walk-in closet, open-concept living, and abundant natural light. Enjoy peaceful lakeside strolls with walking trails just across the street. The community is gated and includes a swimming pool, reserved parking, and beautifully maintained grounds. Whether you're downsizing, investing, or buying your first place—this condo is a rare opportunity to own in a high-demand lakefront community.

Investor Tools

Property Icon
$132,000
Estimated Property Value
$131,055Estimated Mortgage Balance
$945Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$840 /month
Positive
Cash Flow Estimate:
$280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$365/month
$274/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,714
$99,440
2025
$14,060
$85,380
$99,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,714
$99,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Mortgage Group Llc
Conventional
$133,000
No
First
Jul 23, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,055
$945
0%
99%
$798/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$1,072/mo
+$254/mo
12.1%

City: Garland

3550 Zion Rd # A-305 | Property Details | No Agent List