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$315,000

5222 Collingwood Drive, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,565 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$201.28 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range, Double Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesCovered Courtyard, Fire Pit

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26229700070020000
Lot Number2
SubdivisionGatewood 3rd Sec Ph B
Land UseResidential
Legal DescriptionGATEWOOD 2 3RD SEC PH B BLK G LOT 2 INT202100317589 DD10222021 CO-DC 2297000700200 1CG22970007
Census Tract018128
Assessed Land Value$65,000
Assessed Improvement Value$228,080
Assessment Year2025

About this property

Welcome to your future home, nestled in the heart of Garland, TX. This beautifully maintained one-story residence offers a harmonious blend of comfort and style, inviting you to write the next chapter of your life within its welcoming walls. Step inside to discover a space freshly adorned with new paint both inside and out, setting a pristine canvas for your personal touch. The recent renovations to the guest bathroom and living area enhance the home’s modern appeal while maintaining its cozy charm. The heart of the home, the living area, exudes warmth and invites gatherings with family and friends, promising countless cherished memories. Venture outside to your private backyard oasis, where a covered patio beckons for morning coffees or evening chats by the inviting fire pit. The 12x10 storage building, equipped with electricity, offers endless possibilities—from a workshop to a creative studio, it’s a space that adapts to your dreams. Recent updates include New HVAC (2025), New Garage door (2025), New fence in backyard installed in 2024, New Carpet in all bedrooms (2026). Escape the hustle and bustle within walking distance to the Duck Creek greenbelt nature trails. Don’t miss the opportunity to experience this charming home in person. Schedule your private showing today or reach out for more information. Your new beginning awaits.

Investor Tools

Property Icon
$312,000
Estimated Property Value
$0Estimated Mortgage Balance
$312,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,565
$293,080
2025
$65,000
$228,080
$293,080
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,565
$293,080

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$312,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
7.6%

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.

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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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5222 Collingwood Drive | Property Details | No Agent List