1018 Vegas DrGarlandTX75042
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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 1018 Vegas Dr, Garland, TX, 75042 uses $96,102 cash to close to unlock $5,441/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $2,515/mo, and a $1,419/mo payment keeps the spread at $453/mo. Purchase price stands at $289,900, and rental yield measures 10.41% with $2,515/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 134.43% and total cumulative return in cash records $129,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,515/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75042, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,512 (100%) |
| Owner Occupied HU | 6,874 (54.9%) |
| Renter Occupied HU | 5,088 (40.7%) |
| Vacant Housing Units | 550 ( 4.4%) |
| Median Home Value | $266,453 |
| Average Home Value | $335,285 |
Housing Distribution
Address Breakdown
Residential
12,644
Single Family
9,085
Multi-Family
3,559
Businesses
1,317
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