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$215,000

701 Carpenter Drive, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,101 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.28 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Plumbed For Ice Maker
FlooringCarpet, Laminate

Exterior

Exterior FeaturesStorage
Lot Size7,625 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26583500070070000
Lot Number7
SubdivisionStar
Land UseResidential
Legal DescriptionSTAR CREST ESTATES 3 BLK 7 LT 7 INT202100000966 DD12212020 CO-DC 5835000700700 1CG58350007
Census Tract018105
Assessed Land Value$60,000
Assessed Improvement Value$216,780
Assessment Year2025

About this property

Charming, cute as a button three bedroom, two bath home in the family friendly Star Crest subdivision. Walking distance to the elementary and middle school. New interior and exterior paint. Kitchen has new granite countertops, appliances, and fixtures. Both bathrooms have all new fixtures and new tile flooring. Bedrooms have all new carpet. New roof 2019 and gutters March 2020. This adorable home is move-in ready and waiting for a new family. Awesome price and will sell fast! Don't wait to bring your buyers out to see this incredible home!

Investor Tools

Property Icon
$276,780
Estimated Property Value
$0Estimated Mortgage Balance
$103,477Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,661 /month
Positive
Cash Flow Estimate:
$554 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,293
$276,780
2025
$60,000
$216,780
$276,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,293
$276,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank Financial
Conventional
$193,500
No
First
Dec 21, 2020
Jan 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,303
$103,477
37%
63%
$1,161/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,161/mo
+$811/mo
8.5%

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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701 Carpenter Drive | Property Details | No Agent List