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$119,900

124 Rio Rita Dr, Garland, TX, 75040

$155,870 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths992 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.87 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Gas Oven, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size9,375 sqft

Building Information

Year Built1955
Roof Type105
Garage Spaces1

Land Information

APN26503500100450000
Lot Number45
SubdivisionRouth Terrace
Land UseResidential
Legal DescriptionROUTH TERRACE 2 BLK J LOT 45 VOL93163/4196 EX081193 CO-DALLAS 5035001004500 32650350010
Census Tract018204
Assessed Land Value$60,000
Assessed Improvement Value$138,610
Assessment Year2026

About this property

Garland 3-bed, 1-bath priced for the investor who wants the upside. 992 sq ft with a big, fully fenced backyard, mature shade trees, a carport and a long driveway. Cleaned out and ready for your contractor walk-through. Sold as-is, no seller repairs. POF required. Offers due Monday, October 19 at 5 PM. Buyer to verify all information. No assignments. Please verify all room dimensions.

Investor Tools

$0Estimated Mortgage Balance
$209,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$155,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,254 /month
Positive
Cash Flow Estimate:
$418 /month

Interested in this property?

Terri Chase

LPT Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,756
$198,610
2026
$60,000
$138,610
$198,610
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,756
$198,610

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$209,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
11.3%

City: Garland

124 Rio Rita Dr | Property Details | No Agent List