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$288,000

4517 Fordham Dr, Garland, TX, 75042

Off MarketInfo
Beds7 Beds
Baths2 Bath
Baths1,695 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.79 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop

Exterior

Lot Size7,050 sqft

Building Information

Year Built1965
Stories1
Roof Type105

Land Information

APN26195500130020000
Lot Number2
SubdivisionForest Ridge
Land UseResidential
Legal DescriptionFOREST RIDGE 3 BLK 13 LT 2 INT201900232580 DD08302019 CO-DC 1955001300200 3CG19550013
Census Tract019045
Assessed Land Value$35,000
Assessed Improvement Value$225,300
Assessment Year2025

Investor Tools

Property Icon
$288,000
Estimated Property Value
$240,000Estimated Mortgage Balance
$49,740Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$625/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,060
$260,300
2025
$35,000
$225,300
$260,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,060
$260,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carrington Mortgage Services Llc
Conventional
$240,000
No
First
Dec 22, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,260
$49,740
17%
83%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,439/mo
+$533/mo
8.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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