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$278,000

NAL Estimated Property Value

5516 Laredo Ln, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,548 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.45 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Double Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built1971
Stories1
Roof Type105

Land Information

APN26379500120320000
SubdivisionNew West
Land UseResidential
Legal DescriptionNEW WEST 2 BLK 12 LOT 32 INT201800196815 DD07202018 CO-DC 3795001203200 1CG37950012
Census Tract018128
Assessment Year2025

About this property

Gorgeous ranch home in Garland, on a large corner lot, with too many updates to mention, an enormous backyard, and ready for new tenants! Situated on a quiet, established street not far from shopping and dining, this home features quaint and charming drive-up appeal with front driveway for parking. Stunning interior boasts low-maintenance vinyl flooring, fresh paint, garage converted into bedroom or 2nd living, large living room. Absolutely gorgeous kitchen with tons of space, recent quartz countertops, stainless appliances, tile backsplash, tons of drawers and more. Fully updated hall bath continues quartz countertops, matching tile and new mirror. 2nd & 3rd bedrooms nicely sized with vinyl flooring and nice closets. Big master bedroom with updated bath, expanded from original floorplan. HUGE back yard for entertaining or relaxing features wood privacy fence and storage shed. A Garland masterpiece!

Investor Tools

Property Icon
$278,000
Estimated Property Value
$548,270Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,668 /month
Positive
Cash Flow Estimate:
$556 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,884
$218,780
2025
N/A
N/A
$218,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,884
$218,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Unknown
$274,928
No
First
Mar 4, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$548,270
N/A
0%
197%
$3,298/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,298/mo
$-1,326/mo
8.5%

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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5516 Laredo Ln | Property Details | No Agent List