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Days91Days on Market
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$300,000

$304,999

4518 Hanover Dr, Garland, TX, 75042

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.38 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26194500070210000
SubdivisionForest Ridge
Land UseResidential
Legal DescriptionFOREST RIDGE 2 BLK 7 LT 21 INT201700008311 DD01012017 CO-DC 1945000702100 3CG19450007
Census Tract019045
Assessment Year2025

About this property

Welcome to this beautifully renovated 3-bedroom, 2-bath home in the highly desirable Richardson ISD. From the moment you walk in, you’ll appreciate the fresh, modern updates and the peace of mind that comes with major improvements already completed, including a new roof, updated plumbing, remodeled bathrooms, new flooring, fresh interior and exterior paint, and a stylish, updated kitchen ready for everyday living and entertaining. The foundation has been professionally repaired and includes a transferable warranty, giving the next owner added confidence. Conveniently located near US-75, I-635, and PGBT, you’ll enjoy easy access to shopping, dining, parks, and everything the Dallas area has to offer. First-time homebuyers may qualify for up to $10,000 in down payment and closing cost assistance through the City of Garland Homeownership Assistance Program, subject to eligibility. This is a true move-in ready home with the updates buyers are looking for in a fantastic location.

Investor Tools

$115,790Estimated Mortgage Balance
$132,647Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Jessica Garza

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$584/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,766
$247,670
2025
N/A
N/A
$247,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,766
$247,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Unknown
$134,250
No
First
Jun 14, 2019
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,790
$131,880
53%
47%
$805/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$805/mo
+$1,167/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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