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$307,000

NAL Estimated Property Value

818 Spring Lake Drive, Garland, TX, 75043

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,924 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.43 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet

Exterior

Lot Size7,488 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26384500270140000
Lot Number14
SubdivisionNew World
Land UseResidential
Legal DescriptionNEW WORLD 2 BLK 27 LT 14 INT201900251707 DD09182019 CO-DC 3845002701400 1CG38450027
Census Tract018127
Assessed Land Value$60,000
Assessed Improvement Value$242,380
Assessment Year2025

About this property

Completely updated home with converted garage as a huge game room move-in ready!

Investor Tools

Property Icon
$307,000
Estimated Property Value
$193,829Estimated Mortgage Balance
$113,171Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$477/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,190
$302,380
2025
$60,000
$242,380
$302,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,190
$302,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$210,672
No
First
Feb 7, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,829
$113,171
36%
63%
$1,264/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,264/mo
+$708/mo
7.7%

City: Garland

818 Spring Lake Drive | Property Details | No Agent List