1001 Manitoba DrGarlandTX75040
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Garland at 1001 Manitoba Dr, Garland, TX, 75040 at $234,000 posts ROI 31.05% with $720/mo cash flow from $2,384/mo rent. Total monthly income equals $2,384/mo, and annual cash flow records $8,644/yr on $77,571 to close. Return on cash invested measures 31.05% and rental yield reads 12.23% at the current $234,000. Equity gained on principal adds $1,510/yr, and 5% annual appreciation supports $64,650 by year five. Five-year ROI prints 163.84% and total cumulative return in cash totals $127,095.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,384/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75040, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,195 (100%) |
| Owner Occupied HU | 14,352 (61.9%) |
| Renter Occupied HU | 7,552 (32.6%) |
| Vacant Housing Units | 1,291 ( 5.6%) |
| Median Home Value | $285,892 |
| Average Home Value | $325,620 |
Housing Distribution
Address Breakdown
Residential
21,790
Single Family
17,823
Multi-Family
3,967
Businesses
1,423
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Listed by: Mark M Maginnis • Cash Realty Group LLC
Mls Name: NTREIS
Mls ID: #20750926
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.