Last 24 Hours
$650,000
1220 Garza Ln, Little Elm, TX, 75068
On Market
Just Added
3 Beds
2 Bath
1,344 Sq Ft
Built in 1969Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Garage Available
Heating Central
CoolingExterior
Lot Size16,697 sqft
Building Information
Year Built1969
Stories1
Roof Type105
Garage Spaces2
Land Information
APNR44859
Lot Number2,3
SubdivisionLambert Addn
Land UseResidential
Legal DescriptionLAMBERT ADDN BLK 1 LOT 2,3
Census Tract020115
Assessed Land Value$153,084
Assessed Improvement Value$27,916
Assessment Year2025
About this property
Great investment property in a growing area. Many possibilities for this 1.2 acres from storage units, RV parking, landscaping business.
Investor Tools
$0Estimated Mortgage Balance
$311,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,554
$181,000
2025
$153,084
$27,916
$181,000
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,554
$181,000
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$311,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
N/A
+$2,870/mo
11.1%
12.4%