Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$294,940

NAL Estimated Property Value

702 Morris Drive, Garland, TX, 75040

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,326 Sq Ft
price_per_sqft$131.98 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Gas Water Heater
FlooringCarpet

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26371500050100000
SubdivisionMormac Manors
Land UseResidential
Legal DescriptionMORMAC MANORS BLK E LOT 10 INT201900300644 DD11012019 CO-DC 3715000501000 1CG37150005
Census Tract018700
Assessment Year2025

About this property

Beatifully updated 4 bedroom 2 full bath house on oversized lot. New kitchen with espresso cabinets, granite ctops, glass backsplash, and stainless gas oven. Large master bedroom with new carpet and newly built closet. Master bath has walk in shower, new vanity cabinet, and new floors. House has new carpet and paint. LED lighting, cfans, plugs and switches. One car garage in back with additional driveway in front. Kitchen overlooks backyard and patio. Foundation repaired and comes with Lifetime Transferable Warranty. Foundation info in documents. DISCLOSURES IN DOCUMENTS. No FHA loans yet due to amount of time seller has owned property. Seller has NO SURVEY.

Investor Tools

Property Icon
$294,940
Estimated Property Value
$157,182Estimated Mortgage Balance
$137,758Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,318
$294,940
2025
N/A
N/A
$294,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,318
$294,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Conventional
$171,690
No
First
Nov 1, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,182
$137,758
46%
53%
$1,082/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,082/mo
+$1,490/mo
10.5%

City: Garland

702 Morris Drive | Property Details | No Agent List