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$265,000

829 Mimosa Dr, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,052 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$251.9 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringWood, Vinyl

Exterior

Lot Size8,400 sqft

Building Information

Year Built1949
Stories1
Roof Type105

Land Information

APN26205500080080000
Lot Number8
SubdivisionGarland Heights
Land UseResidential
Legal DescriptionGARLAND HEIGHTS 2 BLK 8 LT 8 INT202300105532 DD05262023 CO-DC 2055000800800 1CG20550008
Census Tract018801
Assessed Land Value$60,000
Assessed Improvement Value$239,010
Assessment Year2025

About this property

Picturesque home with Location, Location and Location! Enjoy living in this established neighborhood with trees while also enjoying a freshly renovated home. This home has been beautifully remodeled from floor to ceiling including NEW roof, hvac system, windows, kitchen, bathrooms and so much more. Entertaining is a breeze on the oversized deck and backyard. Did we mention Location, Location, Location? Walk to a favorite restaurant in Downtown Garland or DART across the metroplex from the rail line within walking distance of this home!

Investor Tools

Property Icon
$299,010
Estimated Property Value
$207,000Estimated Mortgage Balance
$99,484Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$658/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,398
$299,010
2025
$60,000
$239,010
$299,010
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,398
$299,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank
Conventional
$207,000
No
First
May 26, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,526
$99,484
33%
67%
$1,267/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,267/mo
+$705/mo
7.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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829 Mimosa Dr | Property Details | No Agent List