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$234,000

NAL Estimated Property Value

509 Parker Cir, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,332 Sq Ft
price_per_sqft$187.61 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Microwave
FlooringCeramic Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size5,000 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26468500050280000
Lot Number28
SubdivisionRainbow
Land UseResidential
Legal DescriptionRAINBOW ESTATES 5 BLK 5 LT 28 INT202300153230 DD07282023 CO-DC 4685000502800 1CG46850005
Census Tract018105
Assessed Land Value$51,000
Assessed Improvement Value$182,740
Assessment Year2025

About this property

This great affordable home features an open floor plan, perfect for entertaining friends and family. The main living room is bright and welcoming, with wooden floors that extend throughout the house. The kitchen is complete with a large island with granite countertops and plenty of cabinet space for all your cooking needs. The master bedroom is generous in size, allowing for ample storage space, as well as a conveniently located half bath within the room. The backyard is a great size with two storage units and plenty of room for outdoor activities. The driveway can accommodate up to two vehicles, making it easy and convenient for guests to park. All in all, this home is an ideal choice for those looking for an affordable option that offers plenty of living space and modern conveniences.

Investor Tools

Property Icon
$234,000
Estimated Property Value
$223,938Estimated Mortgage Balance
$10,062Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,315
$233,740
2025
$51,000
$182,740
$233,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,315
$233,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Supreme Lending
Unknown
$225,834
No
First
Jul 28, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,938
$10,062
4%
96%
$1,415/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,415/mo
+$1,157/mo
13.2%

City: Garland

509 Parker Cir | Property Details | No Agent List