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$514,820

NAL Estimated Property Value

5245 Lake Terrace Court, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,498 Sq Ft
price_per_sqft$134.11 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size5,358 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APN26303760010030000
Lot Number3
SubdivisionLake Terrace Rep
Land UseResidential
Legal DescriptionLAKE TERRACE REP BLK 1 LT 3 INT202000179752 DD07012020 CO-DC 3037600100300 1CG30376001
Census Tract018141
Assessed Land Value$90,000
Assessed Improvement Value$424,820
Assessment Year2025

About this property

Impeccably New Built 4 bedroom 2.5 bath home in the highly sought after Lake Terrace community. The interior welcomes you with luxury vinyl plank, cathedral ceilings, crown moldings. The chef will enjoy the open kitchen concept with a large breakfast bar. All located in a beautiful gated community and within distance from the lake.

Investor Tools

Property Icon
$514,820
Estimated Property Value
$373,720Estimated Mortgage Balance
$141,100Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,089 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,027/month
$820/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,751
$514,820
2025
$90,000
$424,820
$514,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,751
$514,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$381,000
No
First
Apr 2, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$373,720
$141,100
27%
73%
$2,285/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$3,105/mo
$-533/mo
6.0%

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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5245 Lake Terrace Court | Property Details | No Agent List