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$162,000

5902 Marvin Loving Dr # A-201, Garland, TX, 75043

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths929 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$174.38 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Lot Size2.16 acres

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APN26425750000A00201
Lot Number3
SubdivisionFaulkner Point 10/On The Point
Land UseResidential
Legal DescriptionFAULKNER POINT 10/ON THE POINT BLK 2 P LT 3 FAULKNER PT #10 BLDG A UNIT 201 CE 4.1053% INT202400003749 DD01052024 CO-DC
Census Tract018141
Assessed Land Value$11,580
Assessed Improvement Value$137,060
Assessment Year2025

About this property

Come and see this 2 bedroom 2 bathroom condo on the second floor with a covered patio at Lake Ray Hubbard. This charming condo features engineered wood floors, fresh paint, a wood-burning fireplace, ceramic tile, an open kitchen, ceiling fans, full-size washer and dryer connections, and a storage closet. Both bedrooms are sizeable with the primary featuring a walk-in closet a soaking tub and a standup shower. This condo is conveniently located within walking distance of Lake Ray Hubbard and also near Interstate 30 and 190, Bass Pro, Primos, Flying Saucer, and Captains Cove Marina. Don't miss the opportunity to make this condo your new home.

Investor Tools

Property Icon
$148,640
Estimated Property Value
$120,000Estimated Mortgage Balance
$33,705Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$972 /month
Positive
Cash Flow Estimate:
$324 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
$241/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,183
$148,640
2025
$11,580
$137,060
$148,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,183
$148,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Conventional
$120,000
No
First
Jan 5, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,935
$42,065
26%
77%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$961/mo
+$604/mo
12.6%

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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5902 Marvin Loving Dr # A-201 | Property Details | No Agent List