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$106,000

NAL Estimated Property Value

5801 Marvin Loving Drive 302, Garland, TX, 75043

$121,497 ARVInfo
Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths669 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$118.83 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop
FlooringLaminate, Vinyl

Exterior

Lot Size2.75 acres

Building Information

Year Built1984
Stories1
Roof Type105

Land Information

APN26264520000C00302
Lot Number3
SubdivisionFaulkner Point 9/Hillpoint
Land UseResidential
Legal DescriptionFAULKNER POINT 9/HILLPOINT PH 2 BLK 3 LT 3 ACS 1.6479 FLKNR PT #9 BLDG C UNIT 302 CE 1.5573% INT202100025808 DD01202021 CO-DC
Census Tract018141
Assessed Land Value$14,890
Assessed Improvement Value$82,120
Assessment Year2025

About this property

This condo has a lot of potential if you're just starting out. Close to restaurants and shopping! Its close to the lake! The AC unit is only 2 years old. It could also be a good investment to have for a lease property. Come check out all its potential!

Investor Tools

Property Icon
$106,000
Estimated Property Value
$6,027Estimated Mortgage Balance
$99,973Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$121,496
Rent-to-Value Ratio: 0.72%
Rent Estimate
$636 /month
Positive
Cash Flow Estimate:
$212 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,206
$97,010
2025
$14,890
$82,120
$97,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,206
$97,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dba Loansource Real Estate Loans
N/A
$28,500
N/A
First
May 5, 2000
Jun 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,027
$99,973
94%
6%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$150/mo
+$1,176/mo
15.0%

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.

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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5801 Marvin Loving Drive 302 | Property Details | No Agent List