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$244,030

NAL Estimated Property Value

702 Milky Way, Garland, TX, 75040

Recently SoldInfo
7/20/26
Beds3 Beds
Baths2 Bath
Baths1,429 Sq Ft
price_per_sqft$94.47 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size7,750 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26581500050060000
Lot Number6
SubdivisionStar
Land UseResidential
Legal DescriptionSTAR CREST ESTATES BLK 5 LOT 6 CO-DALLAS 5815000500600 32658150005
Census Tract018105
Assessed Land Value$55,000
Assessed Improvement Value$189,030
Assessment Year2025

About this property

NOTE: MULTIPLE OFFERS RECEIVED - HIGHEST & BEST DUE NO LATER THAN: MONDAY, JUNE 29, 2026 AT 10:AM - NO EXTENSIONS - MLS STATUS WILL CHANGE ONCE THE ACCEPTED OFFER IS EXECUTED. SEE UPDATED OFFER INSTRUCTIONS. Opportunity awaits at 702 Milky Way in Garland, Texas! Priced at just $135,000, property offers excellent potential for investors, renovators, or buyers seeking an affordable home with room for improvement. Located in the established Star Crest Estates neighborhood, the home benefits from convenient access to Interstate 635, Highway 80, shopping, dining, schools, and employment centers throughout DFW Metro. Spacious backyard includes a SB & mature landscaping, highlighted by a large fig tree that adds shade. Garland continues to attract buyers due to its affordability, established neighborhoods, numerous parks, recreational amenities, and convenient proximity to Dallas. Nearby retail, restaurants, entertainment venues, and community services contribute to the area's ongoing appeal. The home requires repairs and updating but offers substantial potential for improvement. With renovated homes in the area achieving significantly higher values, this property presents an opportunity to restore and customize a home within a well-established neighborhood. The combination of location, lot size, additional flex space, and value-add potential makes this property worthy of consideration. Cash offers require 10% EMD or $1,000 minimum, whichever is greater, all financed offers require 1% EMD or $1,000 minimum, whichever is greater. The seller DOES NOT ACCEPT blind offers, escalation clauses, LOI, or assignments. (which means ALL INVESTORS MUST VIEW THE PROPERTY WITH A LICENSED AGENT WHO MUST FOLLOW ALL SELLER INSTRUCTIONS).

Investor Tools

Property Icon
$244,030
Estimated Property Value
$85,987Estimated Mortgage Balance
$158,043Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$196
$244,030
2025
$55,000
$189,030
$244,030
No

Tax History

Year
Tax Paid
Assessed Value
2025
$196
$244,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$150,000
No
First
Dec 1, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$85,987
$171,013
66%
35%
$950/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$950/mo
+$1,622/mo
12.6%

City: Garland

702 Milky Way | Property Details | No Agent List