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$304,000

NAL Estimated Property Value

618 Colonial Drive, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,278 Sq Ft
price_per_sqft$136.93 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size9,000 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26096500010110000
Lot Number11
SubdivisionColonial Acres
Land UseResidential
Legal DescriptionCOLONIAL ACRES BLK 1 LOT 11 INT201900169906 DD06282019 CO-DC 0965000101100 1CG09650001
Census Tract018111
Assessed Land Value$55,000
Assessed Improvement Value$167,140
Assessment Year2025

About this property

Great Place to make your home! Lovely 3 bedroom, 2 bath, 2 car garage plus a 2 car covered carport * Brand new roof * Fresh paint throughout * New carpeting * New counter tops in kitchen * 2 New ceiling fans * Roomy back yard * Garage has a workbench area space * Close to all grade level schools * Refrigerator, Washer, & Dryer are negotiable *

Investor Tools

Property Icon
$304,000
Estimated Property Value
$138,948Estimated Mortgage Balance
$165,052Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,824 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$527/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,806
$222,140
2025
$55,000
$167,140
$222,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,806
$222,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Conventional
$161,100
No
First
Jun 29, 2019
Jul 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,948
$165,052
54%
46%
$966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$966/mo
+$1,006/mo
7.8%

City: Garland

618 Colonial Drive | Property Details | No Agent List