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$123,770

5825 Marvin Loving Drive 201, Garland, TX, 75043

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths669 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$179.37 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Storage
Lot Size2.75 acres

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APN26264520000B00201
Lot Number3
SubdivisionFaulkner Point 9/Hillpoint
Land UseResidential
Legal DescriptionFAULKNER POINT 9/HILLPOINT PH 1 BLK 3 LT 3 ACS 1.0972 FLKNR PT #9 BLDG B UNIT 201 CE 1.5573% INT202400231030 DD11122024 CO-DC
Census Tract018141
Assessed Land Value$14,890
Assessed Improvement Value$108,880
Assessment Year2025

About this property

First Floor Corner Unit Condo with Covered Patio Overlooking the Pool at Lake Ray Hubbard. This charming one-bedroom one-bath condo features engineered wood flooring, ceramic tile, granite countertops, an open kitchen overlooking the living room, breakfast bar, dry bar, sliding glass doors, ceiling fans, and walk-in closets, and full-size washer and dryer connections. The dining room area off the back patio would also be perfect if you are needing space for a home office. The sizeable master bedroom includes double doors, bathroom includes granite countertops and decorative lighting. This condo is conveniently located within walking distance to the lake and also near Interstate 30 and 190, Bass Pro, Primos, Texas Land and Cattle, Flying Saucer, and Captains Cove Marina.

Investor Tools

Property Icon
$123,770
Estimated Property Value
$0Estimated Mortgage Balance
$56,027Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$743 /month
Positive
Cash Flow Estimate:
$248 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
$190/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,814
$123,770
2025
$14,890
$108,880
$123,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,814
$123,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$69,600
No
First
Nov 12, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,743
$56,027
45%
55%
$418/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$608/mo
+$718/mo
12.9%

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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5825 Marvin Loving Drive 201 | Property Details | No Agent List