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$247,000

NAL Estimated Property Value

406 Independence Drive, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,521 Sq Ft
price_per_sqft$121.56 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Range, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,400 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26341500150110000
Lot Number11
SubdivisionMeadowcreek Park 9th Sec
Land UseResidential
Legal DescriptionMEADOWCREEK PARK 9TH SEC BLK 15 LT 11 INT201900188216 DD07192019 CO-DC 3415001501100 1CG34150015
Census Tract018111
Assessed Land Value$55,000
Assessed Improvement Value$184,270
Assessment Year2025

About this property

Estate Sale at property June 7-8. Professional photos coming. Charming four bedroom, two bath home. Multiple living areas make for a flexible floorpan. Recently updated bathroom with handicap accessible walk-in shower. Extensive fresh paint inside and out. Wainscoting, crown moldings

Investor Tools

Property Icon
$247,000
Estimated Property Value
$149,246Estimated Mortgage Balance
$97,754Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,969
$239,270
2025
$55,000
$184,270
$239,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,969
$239,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$172,660
No
First
Jul 19, 2019
Aug 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,246
$97,754
39%
60%
$1,036/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,036/mo
+$936/mo
9.6%

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.

Explore Texas Explore This Area
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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406 Independence Drive | Property Details | No Agent List