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$289,000

721 Ravencroft Dr, Garland, TX, 75043

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,178 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$245.33 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCeramic Tile, Vinyl

Exterior

Lot Size7,371 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26385500330060000
Lot Number6
SubdivisionNew World
Land UseResidential
Legal DescriptionNEW WORLD 3 BLK 33 LT 6 INT202500095695 DD05052025 CO-DC 3855003300600 1CG38550033
Census Tract018126
Assessed Land Value$60,000
Assessed Improvement Value$146,260
Assessment Year2025

About this property

OPEN HOUSE Saturday March 29, 2025 1pm to 4pm! LOCATION LOCATION LOCATION plus freshly renovated plus large backyard plus one story equals an incredible opportunity in this home! This house is ready to make the next owners a great home or possibly an equally great investment. Enter the home to the new luxury vinyl plank floors, proceed to the modern open living and dining spaces finally into the additional entertainment space in the covered patio and large backyard. Storage abounds with the garage plus the storage shed in the backyard. This home is secluded in a mature tree neighborhood however just minutes from I635 and Interstate 30 in the Garland freedom of choice school district.

Investor Tools

Property Icon
$254,000
Estimated Property Value
$265,109Estimated Mortgage Balance
$0Estimated Equity
-4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$497/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,690
$206,260
2025
$60,000
$146,260
$206,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,690
$206,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$265,109
Yes
First
May 8, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,441
N/A
0%
103%
$1,590/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,590/mo
+$382/mo
9.3%

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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721 Ravencroft Dr | Property Details | No Agent List