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$277,000

NAL Estimated Property Value

514 Shorehaven Dr, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,578 Sq Ft
price_per_sqft$177.38 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Microwave
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,750 sqft

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26525500120030000
Lot Number3
SubdivisionShorehaven
Land UseResidential
Legal DescriptionSHOREHAVEN 5 BLK 12 LOT 3 INT201000098777 DD04132010 CO-DC 5255001200300 1CG52550012
Census Tract018105
Assessed Land Value$55,000
Assessed Improvement Value$208,770
Assessment Year2025

About this property

Welcome to this charming three bedroom, 2 bath home with light, bright interiors and an abundance of living and dining space! Featuring 2 spacious living areas and 2 dining areas, this beautiful home offers the perfect setting for entertaining guests or enjoying quiet family evenings! Wood-look tile and laminate flooring flow throughout the home for ease of maintenance. Galley kitchen features refaced wood cabinet doors, granite counter tops, gas cooking, and stainless appliances. An arched opening connects the kitchen to the garage conversion, which can be easily adapted as a playroom, home office, or gym. All bedrooms have window coverings, ceiling fans, and laminate flooring. Utility room off the kitchen accommodates a full-size washer and dryer, has built-in cabinets, and a walk-in closet. Outdoors, relax under the oversized 22 x 16 covered patio year round! Large backyard has ample room for playset, water feature, or other recreation! Stately magnolia tree and a lush, green front lawn offer shade and great curb appeal! Recent updates include composition roof, hall bath shower surround, shower valves and fittings, bath fixtures and shower door, gas water heater (2025); Windows and tile floors replaced in 2021; HVAC replaced in 2018. Storage shed in backyard offers added storage. Walk to Shorehaven Elementary which is conveniently located across the street for a stress-free morning drop-off! Don't miss this delightful home which is situated near George Bush Highway, with Firewheel Shopping Center, downtown Garland, and DART Rail Service just minutes away!

Investor Tools

Property Icon
$277,000
Estimated Property Value
$272,407Estimated Mortgage Balance
$4,593Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,679 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$615/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,997
$263,770
2025
$55,000
$208,770
$263,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,997
$263,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
E Mortgage Capital Inc
Conventional
$276,450
No
First
Jul 25, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,407
$4,593
1%
98%
$1,658/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,658/mo
$-93/mo
6.8%

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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514 Shorehaven Dr | Property Details | No Agent List