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$275,000

821 Milky Way, Garland, TX, 75040

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,625 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.23 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop
FlooringCeramic Tile, Parquet, Vinyl

Exterior

Lot Size7,488 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26394500010230000
Lot Number23
SubdivisionNorthlake
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES 1 LT 0023 VOL2005150/0759 DD07272005 CO-DC 3945000102300 1CG39450001
Census Tract018105
Assessed Land Value$55,000
Assessed Improvement Value$237,430
Assessment Year2025

About this property

Welcome to 821 Milky Way. Cozy 3 bedroom home offering solid updates and endless potential! Major improvements have already been completed, including new windows, a 3-year-old roof, updated electrical wiring in 2020, updated plumbing in 2022, furnace 2011, AC unit 2016, and renovated handicap-accessible bathrooms. The converted garage provides a spacious second living area featuring a cozy wood-burning fireplace perfect for entertaining, a game room, or a family gathering space. While the home could benefit from some cosmetic updates, the big-ticket improvements have already been taken care of, making this an excellent opportunity for buyers looking to add their personal style and build instant equity. Conveniently located and full of potential, this home is ready for its next owner to make it their own. This property is not vacant. The owner's personal items have been removed from photos to show the size and layout of each room.

Investor Tools

$216,126Estimated Mortgage Balance
$76,304Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,755 /month
Positive
Cash Flow Estimate:
$585 /month

Interested in this property?

Tracy Davis-Wilson

OnDemand Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$210/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,053
$292,430
2025
$55,000
$237,430
$292,430
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,053
$292,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$220,000
No
First
Aug 6, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,126
$76,304
26%
74%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,320/mo
+$652/mo
8.1%

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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821 Milky Way | Property Details | No Agent List