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$209,000

421 Wallace Dr, Garland, TX, 75041

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths786 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$265.9 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dryer, Dishwasher, Disposal, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer
FlooringWood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,875 sqft

Building Information

Year Built1954
Roof Type105

Land Information

APN26125500040190000
Lot Number19
SubdivisionCrown Hill
Land UseResidential
Legal DescriptionCROWN HILL BLK D LOT 19 INT202200277041 DD10212022 CO-DC 1255000401900 1CG12550004
Census Tract018206
Assessed Land Value$70,000
Assessed Improvement Value$90,000
Assessment Year2026

About this property

Beautifully renovated home offering modern comfort, thoughtful updates, and impressive energy efficiency. Completely rebuilt and renovated in 2023 with a focus on quality, comfort, and sustainability. The inviting interior features original oak hardwood floors professionally restored and refinished to like-new condition, a stylish kitchen with custom cabinetry, quartz countertops, tile finishes, and a complete stainless-steel appliance package including an induction range, built-in microwave, refrigerator and a stacked washer and high-efficiency heat pump dryer. The fully remodeled bathroom features updated tile and fixtures. Major improvements include a completely refurbished, re-leveled, and reinforced foundation with new footings, new plumbing throughout including a new line to the sewer main, and all-new electrical wiring with an upgraded electrical panel designed to accommodate an EV charger. High-efficiency double-pane windows and exterior doors, along with closed-cell spray foam insulation throughout the walls, floors, and roof, enhance the home's energy performance. An energy-efficient mini-split heating and cooling system provides primary climate control, complemented by supplemental electric cove heaters in the living room and bedrooms. An Energy Recovery Ventilator (ERV) continuously exchanges indoor air with filtered fresh outdoor air, helping enhance indoor air quality. Additional features include a tankless instant water heater, energy-saving LED lighting with dimmable switches, ceiling fans with integrated lighting and adjustable controls, and new blinds throughout. Outside, enjoy upgraded landscaping with improved grading and drainage designed to help manage stormwater runoff, plus a new storage shed with convenient driveway access. Thoughtfully renovated from top to bottom and move-in ready, this home offers modern updates, energy efficiency, and easy living.

Investor Tools

$113,009Estimated Mortgage Balance
$57,991Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,254 /month
Positive
Cash Flow Estimate:
$418 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$855
$160,000
2026
$70,000
$90,000
$160,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$855
$160,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$120,000
No
First
Aug 21, 2023
Sep 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,009
$57,991
33%
66%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,580/mo
$720/mo
+$860/mo
11.1%

City: Garland

421 Wallace Dr | Property Details | No Agent List