1425 Meridian WayGarlandTX75040
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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 1425 Meridian Way, Garland, TX, 75040 listed at $305,000 pairs $2,194/mo rent with a $1,493/mo payment to leave $25/mo cash flow. Total monthly income runs $2,194/mo, and annual cash flow reaches $299/yr on $101,108 cash to close. Return on cash invested measures 20.2% in year one, and rental yield registers 8.63% at a $305,000 basis. Equity gained on principal adds $1,968/yr, and annual property appreciation at 5% supports $84,266 by year five. Five-year ROI tracks 105.64% and total cumulative return in cash totals $106,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,194/mo property income relative to a $1,493/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
7,056 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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