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B+
NoAgentList RatingHow are grades calculated? Info

$238,000

616 Prescott Dr, Garland, TX, 75041

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,752 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.84 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Gas Water Heater
FlooringCarpet, Hardwood, Laminate

Exterior

Exterior FeaturesStorage
Lot Size9,325 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26489500210090000
Lot Number9
SubdivisionRidgewood
Land UseResidential
Legal DescriptionRIDGEWOOD ESTATES 5 BLK 21 LT 9 INT202300165701 DD08152023 CO-DC 4895002100900 1CG48950021
Census Tract018300
Assessed Land Value$70,000
Assessed Improvement Value$200,000
Assessment Year2025

About this property

Looking for a 3 bedroom 2 bath home near schools, shopping, and parks? Come take a look, and you'll find a solid home with the space you'll need. With two living areas and two dining areas, you will have design options. The primary bedroom has a walkthrough dressing area with a walk-in closet as passage to the attached bathroom. The second and third bedrooms are connected by a Jack and Jill bathroom, complete with pink tiles on the walls. The J-swing driveway, which leads to garage entry at the back of the house, increases the number of available parking places. Enter directly into the eat-in kitchen from the garage. A Morgan shed in the backyard will help accommodate your outdoor storage needs. The house will need work, but it has real potential. Multiple offers received. Showings end Thursday, July 20. Anyone who shows on Thursday will be allowed reasonable time to submit their client's offer.

Investor Tools

Property Icon
$297,000
Estimated Property Value
$150,000Estimated Mortgage Balance
$154,525Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$423/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,590
$270,000
2025
$70,000
$200,000
$270,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,590
$270,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$150,000
No
First
Aug 15, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,475
$154,525
52%
48%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$900/mo
+$665/mo
6.3%

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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616 Prescott Dr | Property Details | No Agent List