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$253,000

1316 Lexington Dr, Garland, TX, 75041

$326,451 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,161 Sq Ft
price_per_sqft$117.08 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN26564500100050000
SubdivisionSouthgate Estates
Land UseResidential
Legal DescriptionSOUTHGATE ESTATES 3 BLK 10 LT 5 INT201800155268 DD06072018 CO-DC 5645001000500 1CG56450010
Census Tract018402
Assessment Year2025

About this property

Seller installing new roof with 10 year warranty! This well-maintained home offers three comfortable bedrooms and two full bathrooms, providing ample space for daily living. The sun-filled dining area creates a bright atmosphere for meals and gatherings, while picture windows overlooking the backyard offer pleasant views of the outdoor space. The property includes practical features that enhance everyday convenience. A programmable thermostat allows for efficient temperature control throughout the home. The extended driveway provides additional space, and an outdoor storage shed offers valuable storage solutions for tools, equipment, and seasonal items. Located just minutes from Firewheel Town Center, this home combines suburban tranquility with excellent access to shopping, dining, and entertainment options. The convenient location makes daily errands effortless while maintaining the peaceful atmosphere of the neighborhood. This property offers both comfort and practicality for those seeking their next home. Some images in this listing have been virtually staged.

Investor Tools

Property Icon
$290,400
Estimated Property Value
$0Estimated Mortgage Balance
$290,400Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$326,451
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,742 /month
Positive
Cash Flow Estimate:
$581 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,551
$290,400
2025
N/A
N/A
$290,400
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,551
$290,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$290,400
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
10.6%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Garland

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1316 Lexington Dr | Property Details | No Agent List