$127,500
3550 Zion Road 307, Garland, TX, 75043
On Market
Just Added
Property Lead Type:
High Equity
Highlights
Interior
AppliancesDryer, Electric Range, Disposal
FlooringLaminate
Exterior
Exterior FeaturesBalcony
Lot Size3.03 acres
Building Information
Year Built1983
Roof Type105
Land Information
APN26405000000A00307
Lot Number1
SubdivisionFaulkner Point North 3/Northpoint
Land UseResidential
Legal DescriptionFAULKNER POINT NORTH 3/NORTHPOINT BLK 1 LT 1 FAULKNER PT NORTH #3 BLDG A UNIT 307 CE 1.0673% INT202000185172 DD07162020 CO-DC
Census Tract018137
Assessed Land Value$14,060
Assessed Improvement Value$102,940
Assessment Year2026
About this property
Investment opportunity with lake views! This income-producing property is conveniently located near I-30 and the George Bush Turnpike. Situated on the third floor, the unit features a private entrance stairway and a balcony overlooking Lake Ray Hubbard. The property is currently tenant-occupied, and the tenant has expressed interest in renewing with the new owner. All showings must be scheduled through the listing agent. Buyers and buyer's agents should independently verify all information.
Investor Tools
$0Estimated Mortgage Balance
$117,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$765 /month
Positive
Cash Flow Estimate:
$255 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
$238/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,042
$117,000
2026
$14,060
$102,940
$117,000
No
Tax History
Year
Tax Paid
Assessed Value
2025
$3,042
$117,000
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$117,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,326/mo
$238/mo
+$1,088/mo
13.6%
