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$446,000

718 Castlewood Dr, Garland, TX, 75040

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.67 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Other
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size5,244 sqft

Building Information

Year Built1992
Stories2
Roof Type105
Garage Spaces2

Land Information

APN26083550060150000
Lot Number15
SubdivisionCastlewood Rep
Land UseResidential
Legal DescriptionCASTLEWOOD 2 REP BLK 6 LOT 15 INT202000082036 DD03202020 CO-DC 0835500601500 1CG08355006
Census Tract018121
Assessed Land Value$60,000
Assessed Improvement Value$332,590
Assessment Year2025

About this property

Looking for space, privacy, and flexibility? This beautiful five-bedroom home truly has it all! Enjoy two living areas, a large sunroom, and a thoughtfully designed kitchen featuring granite countertops, a gas stove, and an in-kitchen dining area,perfect for everyday living and entertaining. The first floor is ideal for big family gatherings, flowing seamlessly between the indoor living spaces, the oversized sunroom, and the spacious backyard complete with an outdoor kitchen. Upstairs, you’ll find five bedrooms and two full bathrooms. One bedroom can easily be used as a media room, home office, or flex space. The garage has been converted into a workshop with laminate flooring, its own AC unit, and a separate exterior entrance great for a home business, studio, or hobby space. Located in a NO HOA community. Close to Harmony School and all convenient shopping and dining options. Schedule your showing today, don’t miss this amazing opportunity!

Investor Tools

Property Icon
$446,000
Estimated Property Value
$269,660Estimated Mortgage Balance
$208,886Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$930/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,926
$392,590
2025
$60,000
$332,590
$392,590
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,926
$392,590

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Conventional
$269,660
No
First
Mar 20, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,114
$208,886
46%
53%
$1,617/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,617/mo
+$955/mo
6.9%

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.

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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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718 Castlewood Dr | Property Details | No Agent List