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$274,500

NAL Estimated Property Value

5805 Ridgecove Dr, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,398 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.67 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26296800060130000
SubdivisionLake Crest Park
Land UseResidential
Legal DescriptionLAKE CREST PARK 2 BLK 6 LT 13 INT202100353968 DD11192021 CO-DC 2968000601300 1CG29680006
Census Tract018142
Assessment Year2025

About this property

This inviting home offers comfortable living with a functional layout in an established neighborhood. Conveniently located near shopping, dining, and major highways. Priced competitively and move in ready.

Investor Tools

Property Icon
$274,500
Estimated Property Value
$225,416Estimated Mortgage Balance
$49,084Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,647 /month
Positive
Cash Flow Estimate:
$549 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,173
$274,500
2025
N/A
N/A
$274,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,173
$274,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Draper & Kramer Mortgage Corp
Conventional
$246,380
No
First
Nov 19, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$225,416
$49,084
17%
82%
$1,478/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,478/mo
+$494/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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5805 Ridgecove Dr | Property Details | No Agent List