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$390,290

NAL Estimated Property Value

602 Prescott Dr, Garland, TX, 75041

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,550 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.49 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Microwave
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size9,262 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26489500210120000
Lot Number12
SubdivisionRidgewood
Land UseResidential
Legal DescriptionRIDGEWOOD ESTATES 5 BLK 21 LOT 12 INT202200110855 DD04192022 CO-DC 4895002101200 1CG48950021
Census Tract018300
Assessed Land Value$70,000
Assessed Improvement Value$320,290
Assessment Year2025

About this property

Welcome to this gorgeous neighborhood, this lovely home boasts great location, the house has been well loved and taken care of, Step inside to see the spacious living area, cozy fireplace & nice open kitchen. Enjoy the large yard and relax with your favorite drink by the pool, backyard perfect for barbequing & entertaining, great potential for adding personal touches. Updates: New AC Unit, new windows, New interior paint throughout, New kitchen cabinets and New boiler. seller adding new stove and microwave before closing. Don't miss this incredible opportunity and make it your own! SOLD AS IS * BUYER AGENT TO VERIFY ALL INFORMATION IS CORRECT.

Investor Tools

Property Icon
$390,290
Estimated Property Value
$294,684Estimated Mortgage Balance
$95,606Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,342 /month
Positive
Cash Flow Estimate:
$781 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$891/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,738
$390,290
2025
$70,000
$320,290
$390,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,738
$390,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$319,113
Yes
First
Apr 19, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,684
$95,606
24%
76%
$1,914/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,914/mo
+$658/mo
7.9%

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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602 Prescott Dr | Property Details | No Agent List