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$223,720

NAL Estimated Property Value

844 Lilac Dr, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.82 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater
FlooringCeramic Tile

Exterior

Lot Size8,400 sqft

Building Information

Year Built1957
Stories1
Roof Type105
Garage Spaces1

Land Information

APN26206500110240000
Lot Number24
SubdivisionGarland Heights
Land UseResidential
Legal DescriptionGARLAND HEIGHTS 3 BLK 11 LT 24 INT202200236664 DD08312022 CO-DC 2065001102400 1CG20650011
Census Tract018801
Assessed Land Value$60,000
Assessed Improvement Value$163,720
Assessment Year2025

About this property

Perfect maintenance free starter home or to add to your rental portfolio! So many new features will give you peace of mind. Foundation was worked previously, PVC undergrade plumbing all the way to city line; new windows, LVP flooring and roof! Kitchen boasts of granite counters and and new grey cabinets. You'll enjoy cooking on the gas stovetop while looking out the back window to the huge yard. The new bathroom is so beautiful and fresh! The walls have been painted and new doors have been added. Not much left for you to do, but perhaps put your favorite color on the walls! Deadline for offers will be WED Aug 3 at 9pm.

Investor Tools

Property Icon
$223,720
Estimated Property Value
$111,621Estimated Mortgage Balance
$112,099Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,342 /month
Positive
Cash Flow Estimate:
$447 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,888
$223,720
2025
$60,000
$163,720
$223,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,888
$223,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$120,000
No
First
Aug 31, 2022
Sep 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,621
$112,099
50%
50%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$720/mo
+$1,252/mo
10.6%

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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844 Lilac Dr | Property Details | No Agent List