1301 Greenwood DrGarlandTX75041
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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 1301 Greenwood Dr, Garland, TX, 75041 uses $80,853 cash to close to unlock $4,840/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,138/mo, and a $1,194/mo payment keeps the spread at $403/mo. Purchase price stands at $243,900, and rental yield measures 10.52% with $2,138/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $67,385 over five years. Five-year ROI reaches 136.18% and total cumulative return in cash records $110,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,138/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 1952
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75041, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,318 (100%) |
| Owner Occupied HU | 5,750 (55.7%) |
| Renter Occupied HU | 4,041 (39.2%) |
| Vacant Housing Units | 527 ( 5.1%) |
| Median Home Value | $279,595 |
| Average Home Value | $362,985 |
Housing Distribution
Address Breakdown
Residential
10,148
Single Family
7,936
Multi-Family
2,212
Businesses
1,438
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