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$279,900

4026 Salem Dr, Garland, TX, 75043

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,519 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.27 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Microwave
FlooringLaminate, Tile

Exterior

Exterior FeaturesStorage
Lot Size7,442 sqft

Building Information

Year Built1971
Roof Type105

Land Information

APN26341500120070000
Lot Number7
SubdivisionMeadowcreek Park 9th Sec
Land UseResidential
Legal DescriptionMEADOWCREEK PARK 9TH SEC BLK 12 LT 7 INT201200107382 DD04112012 CO-DC 3415001200700 1CG34150012
Census Tract018111
Assessed Land Value$55,000
Assessed Improvement Value$211,170
Assessment Year2026

About this property

THOUGHTFUL UPDATES, CUSTOM TOUCHES & FLEXIBLE LIVING SPACES! Welcome to a home where thoughtful improvements and versatile living spaces come together beautifully! The inviting living area flows naturally into the dining area and kitchen. A stunning wall of custom-built cabinetry offers abundant storage, generous countertop space, display shelving, and a dedicated workspace. This impressive addition includes convenient pantry storage and endless possibilities for working from home, studying, or creative pursuits. A custom breakfast bar provides casual dining space, while the adjoining kitchen features attractive custom cabinetry with soft-close drawers and generous storage. Laminate flooring throughout, with tile in the bathrooms and no carpet, adds easy-care appeal. Both full bathrooms feature beautifully renovated tiled showers with built-in benches and raised ceilings. One of the home's most appealing features is its generously sized fourth-bedroom space, currently enjoyed as a comfortable television room. Complete with a closet, window, and beautifully renovated adjoining full bathroom featuring an impressive tiled shower, this versatile space offers wonderful possibilities as a second living area, home office, hobby room, exercise studio, or potential primary suite. The expanded opening connects it to the main living area, while adding privacy doors could restore traditional bedroom use. Additional improvements include 2021 laminate flooring, a 2025 Class 3 roof and water heater, HVAC and ductwork updates, 2021 lighting and ceiling fans, plus an expanded driveway and back patio. A convenient laundry closet off the kitchen adds practicality. With its thoughtful improvements, custom features, and flexible floor plan, this home offers comfortable living today and possibilities for tomorrow. Come see what makes Salem special!

Investor Tools

$119,385Estimated Mortgage Balance
$166,615Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,971
$266,170
2026
$55,000
$211,170
$266,170
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,971
$266,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$130,000
No
First
Jun 1, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,385
$166,615
58%
42%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$780/mo
+$1,792/mo
10.8%

City: Garland

4026 Salem Dr | Property Details | No Agent List