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$281,870

NAL Estimated Property Value

722 E Ridgewood Dr, Garland, TX, 75041

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,854 Sq Ft
price_per_sqft$129.45 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringCeramic Tile, Laminate

Exterior

Lot Size7,200 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26353500130200000
Lot Number20
SubdivisionMonica Park
Land UseResidential
Legal DescriptionMONICA PARK 2 BLK 13 LT 20 INT202400166235 DD08162024 CO-DC 3535001302000 1CG35350013
Census Tract018206
Assessed Land Value$45,000
Assessed Improvement Value$236,870
Assessment Year2025

About this property

WELCOME HOME! The perfect place for family and friends to gather. The kitchen seamlessly opens to the living area. Enjoy stylish storage with beautiful built-in shelving. The primary suite features direct access to the patio, offering a private retreat. An additional room can serve as a dining area, office, or bonus room. The spacious backyard is perfect for pets, kids, and adults alike. Conveniently located near schools, shopping, restaurants, and easily accessible highways. Seller is selling as Is.

Investor Tools

Property Icon
$281,870
Estimated Property Value
$237,791Estimated Mortgage Balance
$44,079Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,691 /month
Positive
Cash Flow Estimate:
$564 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,307
$281,870
2025
$45,000
$236,870
$281,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,307
$281,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$245,471
Yes
First
Aug 16, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,791
$44,079
15%
84%
$1,472/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,472/mo
+$1,100/mo
10.9%

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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722 E Ridgewood Dr | Property Details | No Agent List