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$120,000

637 Carriagehouse Lane J2, Garland, TX, 75040

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,089 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$110.19 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate

Exterior

Lot Size6.62 acres

Building Information

Year Built1984
Stories2
Roof Type105

Land Information

APN26079750000J00001
Lot Number1
SubdivisionCarriagehouse Vlg/Victoria Place
Land UseResidential
Legal DescriptionCARRIAGEHOUSE VLG/VICTORIA PLACE PHASE VI BLK 1 LOT 1 .9789 ACS BLDG J UNIT 1 CE 1.0% INT201800282780 DD10232018 CO-DC
Census Tract018152
Assessed Land Value$28,820
Assessed Improvement Value$165,430
Assessment Year2025

About this property

Calling all investors! Home is occupying by tenant. Buyer will have to assume the lease until it expires Oct 2, 2020. This is a lovely 2 bedrooms 1.1 bathroom condo located in a great location of North Garland, minutes to Fire Wheel shopping mall, restaurants, home depot & Lowe's, Best Buy and more... Easy access to Hwy 78 and 190 George Bush tollway. Home has new updated wood at stairs, laminate floor just done installation this week. Brand new range with cooktop, 2017 kitchen cabinet, countertops and microwave. This is a good buy, will show well !

Investor Tools

Property Icon
$194,250
Estimated Property Value
$0Estimated Mortgage Balance
$91,536Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,166 /month
Positive
Cash Flow Estimate:
$389 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$300/month
$220/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,625
$194,250
2025
$28,820
$165,430
$194,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,625
$194,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$121,250
No
First
Oct 23, 2018
Nov 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,714
$91,536
47%
53%
$727/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$947/mo
+$618/mo
9.7%

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.

Explore Texas Explore This Area
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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