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$236,390

845 Mimosa Dr, Garland, TX, 75040

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,284 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.45 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range

Exterior

Lot Size8,400 sqft

Building Information

Year Built1949
Stories1
Roof Type105

Land Information

APN26205500080120000
Lot Number12
SubdivisionGarland Heights
Land UseResidential
Legal DescriptionGARLAND HEIGHTS 2 BLK 8 LT 12 INT202300204128 DD10042023 CO-DC 2055000801200 1CG20550008
Census Tract018801
Assessed Land Value$60,000
Assessed Improvement Value$176,390
Assessment Year2025

About this property

This home offers recent updates and other improvements. The interior lot is large and allows for extra parking with an additional 30-foot plus parking pad at the rear of the home for boats or recreational vehicles, etc. The neighborhood will generally be found quiet. The interior space offers a large dining area at kitchen and a great deck at the backyard. The location is near downtown Garland, between 635 and George Bush. Several options for commuting. Home may also qualify for down payment assistance through different lenders.

Investor Tools

Property Icon
$236,390
Estimated Property Value
$218,457Estimated Mortgage Balance
$28,194Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,418 /month
Positive
Cash Flow Estimate:
$473 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,820
$236,390
2025
$60,000
$176,390
$236,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,820
$236,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$218,457
No
First
Oct 4, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,196
$28,194
11%
88%
$1,310/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,310/mo
+$662/mo
10.0%

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.

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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845 Mimosa Dr | Property Details | No Agent List