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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Garland at 1302 Mayfield Ave, Garland, TX, 75041 listed at $389,000 pairs $3,732/mo rent with a $1,904/mo payment to leave $966/mo cash flow. Total monthly income runs $3,732/mo, and annual cash flow reaches $11,589/yr on $128,954 cash to close. Return on cash invested measures 28.9% in year one, and rental yield registers 11.51% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 152.26% and total cumulative return in cash totals $196,338. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,732/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
9,844 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75041, Garland, TX area.
| 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 |
Residential
10,148
Single Family
7,936
Multi-Family
2,212
Businesses
1,438
Date | Event | Price |
|---|---|---|
| 2024-07-22 | Price change | $389,000 |
| 2024-06-26 | Listed for sale | $399,000 |
| 2024-03-28 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $1199.54 | N/A | $220,000 | N/A |
Listed by: Michael Shelton • Texas Triad Homes
Mls Name: NTREIS
Mls ID: #20657411
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.
