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$237,000

5509 Knollridge Dr, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,470 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.22 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringTile, Vinyl

Exterior

Lot Size4,000 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26258540030160000
Lot Number16
SubdivisionHalcyon Villas Rep
Land UseResidential
Legal DescriptionHALCYON VILLAS REP BLK 3 LOT 16 INT202500016286 DD12162024 CO-DC 2585400301600 1CG25854003
Census Tract018141
Assessed Land Value$42,000
Assessed Improvement Value$178,260
Assessment Year2025

About this property

Discover this beautifully renovated 3-bedroom, 2-bath home near Lake Ray Hubbard in Garland! Spanning 1,470 sq ft, this home features luxury vinyl plank flooring throughout and sleek tile in the bathrooms. The bright, open-concept layout includes a spacious living room, a dining area perfect for gatherings, and a modern kitchen with ample counter space and cabinetry. The primary bedroom boasts an ensuite bath, while the other two bedrooms share a well-appointed common bath. Natural wood accents on the front exterior add curb appeal. Conveniently located near the lake, parks, shopping, and dining, this home is a must-see!

Investor Tools

Property Icon
$233,000
Estimated Property Value
$239,590Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,422 /month
Positive
Cash Flow Estimate:
$474 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$202/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,262
$220,260
2025
$42,000
$178,260
$220,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,262
$220,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Conventional
$239,590
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,729
N/A
0%
101%
$1,437/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,437/mo
+$128/mo
8.1%

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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5509 Knollridge Dr | Property Details | No Agent List