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$139,900

5906 Marvin Loving Drive 205, Garland, TX, 75043

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths950 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$147.26 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Range
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2.16 acres

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APN26425750000B00205
Lot Number3
SubdivisionFaulkner Point 10/On The Point
Land UseResidential
Legal DescriptionFAULKNER POINT 10/ON THE POINT BLK 2 PT LT 3 FAULKNER PT #10 BLDG B UNIT 205 CE 4.1982% INT202200224565 DD08172022 CO-DC
Census Tract018141
Assessed Land Value$11,850
Assessed Improvement Value$140,150
Assessment Year2025

About this property

FANTASTIC LOCATION at Lake Ray Hubbard! This 2-bedroom 2-bath condo features engineered wood flooring, ceramic tile, a wood-burning fireplace, fresh paint, sliding glass doors, ceiling fans, great closet space, and full-size washer and dryer connections. The sizeable master bedroom includes a very large bathroom with lots of counter space and cabinets and includes 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
$152,000
Estimated Property Value
$0Estimated Mortgage Balance
$47,504Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$912 /month
Positive
Cash Flow Estimate:
$304 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
$241/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,183
$152,000
2025
$11,850
$140,150
$152,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,183
$152,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendsmart Mortgage Llc
Unknown
$112,340
No
First
Aug 17, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,496
$47,504
31%
69%
$674/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$915/mo
+$650/mo
12.4%

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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5906 Marvin Loving Drive 205 | Property Details | No Agent List