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B+
NoAgentList RatingHow are grades calculated? Info

$220,000

4505 Princeton Drive, Garland, TX, 75042

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,064 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.59 / sqft
Year BuiltBuilt in 1967

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, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate, Vinyl

Exterior

Lot Size9,240 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26636500020020000
Lot Number2
SubdivisionWalnut
Land UseResidential
Legal DescriptionWALNUT ESTATES BLK 2 LT 2 A INT202000174102 DD06262020 CO-DC 6365000200200 3CG63650002
Census Tract019045
Assessed Land Value$70,000
Assessed Improvement Value$213,840
Assessment Year2025

About this property

This one and a half story home is surrounded by Red Oak trees and located in the Richardson Independent School District! The first level has two bedrooms and one bathroom with the other two bedrooms and second bathroom located upstairs. The first level also features two living areas and a large kitchen that opens to the breakfast room and living room. Out back is a covered patio, a decent sized yard and a shapely Red Oak that shades the entire back yard. This home is perfect for first time home buyers, investors or someone with a vision. Don’t let this opportunity slip away – schedule your showing today!

Investor Tools

Property Icon
$283,840
Estimated Property Value
$0Estimated Mortgage Balance
$78,369Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,703 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$669/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,608
$283,840
2025
$70,000
$213,840
$283,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,608
$283,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$226,731
Yes
First
Jun 7, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,471
$78,369
27%
72%
$1,360/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,360/mo
+$612/mo
8.3%

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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4505 Princeton Drive | Property Details | No Agent List