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$200,000

3901 Norma Drive, Garland, TX, 75042

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.15 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesLighting
Lot Size9,880 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26179500020020000
Lot Number2
SubdivisionForest
Land UseResidential
Legal DescriptionFOREST CREST BLK 2 LT 2 INT202200084568 DD03252022 CO-DC 1795000200200 1CG17950002
Census Tract019033
Assessed Land Value$60,000
Assessed Improvement Value$179,840
Assessment Year2025

About this property

MULTIPLE OFFERS! Please submit your best and highest offers by Friday 3.4.22 at 12 noon. Great home on corner lot with big backyard! Well maintained home with 3 bedroom, 2 bath and 2 car garage. Perfect for first time buyers willing to give this home some TLC. Washer and Dryer only 3 years old & Refrigerator stays with the home. New garbage disposal 2022, New HVAC system with gas heat in 2021, Roof 2016, Gas Water Heater 2013. Also a great Investment Opportunity, being sold AS-IS. Ready for your creative touches for resale or cash flow of estimated $1500-1700 a month. Buyer will need to purchase new Survey. Come take a look today! This home won't last long!

Investor Tools

Property Icon
$239,840
Estimated Property Value
$0Estimated Mortgage Balance
$71,390Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,439 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$554/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,453
$239,840
2025
$60,000
$179,840
$239,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,453
$239,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$182,750
No
First
Mar 25, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,450
$71,390
29%
70%
$1,096/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,096/mo
+$876/mo
9.9%

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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3901 Norma Drive | Property Details | No Agent List