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$144,900

405 W Avenue E, Garland, TX, 75040

PendingInfo
Beds2 Beds
Baths1 Bath
Baths800 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.13 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringCarpet, Wood

Exterior

Lot Size9,300 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26177500020100000
Lot Number10
SubdivisionFairfield
Land UseResidential
Legal DescriptionFAIRFIELD BLK B LOT 10 VOL94106/3368 DD052494 CO-DALLAS 1775000201000 32617750002
Census Tract018700
Assessed Land Value$60,000
Assessed Improvement Value$111,150
Assessment Year2025

About this property

Cute fixer upper with a lot of potential in Garland for under $150K! This home has central heat and air, a 30 year roof and newer windows. Other than that, bring your vision and your tool belt; this home is ready for some work or a value add renovation to build sweat equity from day one. The oversized 60' x 155' lot gives you room to expand, add a garage, or create outdoor living space just a short walk from the city center. Downtown Garland is having a major revitalization, anchored by the newly rebuilt Downtown Square, a 14 block streetscape and gathering space that's become a magnet for events, live music, and foot traffic. The City recently adopted Garland on the Rise, a 10 year strategic plan built on the belief that the same approach that transformed Downtown can strengthen the surrounding neighborhoods too. New restaurants and mixed use redevelopment continue to land nearby; a two story restaurant and gathering space is under construction near the Downtown Square with completion expected in early 2026, adding even more energy to the area. The City is also actively partnering with developers on roughly 2.5 acres of downtown core sites, continuing the momentum. This property is offered AS IS; seller to make no repairs. Property may not qualify for traditional financing programs in its current condition.

Investor Tools

$0Estimated Mortgage Balance
$196,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,176 /month
Positive
Cash Flow Estimate:
$392 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$290/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$171,150
2025
$60,000
$111,150
$171,150
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$171,150

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fmic Mtg Associates Inc
N/A
$37,900
N/A
First
May 24, 1994
Jun 2009

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$190,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
N/A
+$1,565/mo
9.6%

City: Garland

405 W Avenue E | Property Details | No Agent List