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$415,000

NAL Estimated Property Value

422 Ridgegate Pl, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,671 Sq Ft
price_per_sqft$155.37 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Washer
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8,400 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26238900050050000
Lot Number5
SubdivisionGlenbrook Meadows
Land UseResidential
Legal DescriptionGLENBROOK MEADOWS 5 PH 1 BLK 5 LOT 5 INT202300255104 DD12192023 CO-DC 2389000500500 1CG23890005
Census Tract019025
Assessed Land Value$100,000
Assessed Improvement Value$315,000
Assessment Year2025

About this property

Introducing a magnificent home located in North Garland, perfectly suited for your needs! This property boasts 4 spacious bedrooms and 3 full baths, providing ample space for your family and guests. With 2 dining areas and living rooms, there's plenty of room for entertaining. Nestled in a convenient location near President George Bush Tollway and Firewheel Town Center, you'll have easy access to shopping, dining, and entertainment options. One of the standout features of this home is its huge backyard, offering endless possibilities for outdoor activities and relaxation. Additionally, the home features stunning granite countertops, adding a modern look to the kitchen and bathrooms. You'll also appreciate the convenience of a wet bar, perfect for entertaining guests or enjoying a quiet evening at home. Come and add your personal touch to this incredible property and enjoy a comfortable and vibrant lifestyle.

Investor Tools

Property Icon
$415,000
Estimated Property Value
$389,638Estimated Mortgage Balance
$25,362Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,032/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,308
$415,000
2025
$100,000
$315,000
$415,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,308
$415,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$407,483
Yes
First
Dec 19, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$389,638
$25,362
6%
94%
$2,444/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,444/mo
+$128/mo
7.4%

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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422 Ridgegate Pl | Property Details | No Agent List