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$300,000

2530 Lakewood Dr, Garland, TX, 75042

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths2,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.87 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator, Vented Exhaust Fan
FlooringCombination, Hardwood, Vinyl

Exterior

Exterior FeaturesAwnings, Deck, Garden, Private Yard, Storage
Lot Size8,000 sqft

Building Information

Year Built1957
Roof Type105
Garage Spaces1

Land Information

APN26665500010080000
Lot Number8
SubdivisionWestern Heights
Land UseResidential
Legal DescriptionWESTERN HEIGHTS BLK 1 LOT 8 INT201500067832 DD03192015 CO-DC 6655000100800 1CG66550001
Census Tract019046
Assessed Land Value$50,000
Assessed Improvement Value$286,340
Assessment Year2026

About this property

Welcome to this spacious and inviting 3-bedroom, 1.5-bath home offering an open floorplan, two living areas, and a comfortable layout designed for everyday living and entertaining. The beautifully remodeled kitchen features modern cabinetry, updated finishes, a center island, and plenty of workspace, opening seamlessly to the living areas. Original hardwood floors add warmth and character throughout much of the home, while large windows bring in an abundance of natural light. The home also offers a generous covered outdoor living space, perfect for relaxing or entertaining, along with a spacious backyard and mature trees. Major improvements include a new HVAC system installed in 2015 and relocated to the attic for improved efficiency and use of space, new windows in 2017, and a full kitchen remodel in 2019. Conveniently located near shopping, dining, major roads, and everyday amenities, with easy access for commuting and just minutes from the vibrant and booming Downtown Garland Square. This home offers space, character, and a convenient location in the heart of Garland!

Investor Tools

$85,123Estimated Mortgage Balance
$251,217Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,018 /month
Positive
Cash Flow Estimate:
$673 /month

Interested in this property?

Amy Downs

DHS Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,620
$336,340
2026
$50,000
$286,340
$336,340
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,620
$336,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$115,200
No
First
Mar 19, 2015
Apr 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$85,123
$251,217
74%
25%
$383/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$383/mo
+$2,189/mo
9.2%

City: Garland