1502 Garfield DrGreenvilleTX75401
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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
Rental property for sale in Greenville at 1502 Garfield Dr, Greenville, TX, 75401 priced at $307,200 converts $2,857/mo rent into $672/mo cash flow after a $1,504/mo obligation. Total monthly income equals $2,857/mo, and annual cash flow totals $8,064/yr on $101,837 invested. Return on cash invested prints 27.83% in year one, and rental yield reads 11.16% against a $307,200 entry. Equity gained on principal adds $1,982/yr, while 5% annual appreciation compiles into $84,874 by year five. Five-year ROI reaches 146.56% and total cumulative return in cash sums $149,248. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,857/mo property income covering a $1,504/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75401, Greenville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 3,895 (50.6%) |
| Renter Occupied HU | 3,001 (39.0%) |
| Vacant Housing Units | 808 (10.5%) |
| Median Home Value | $193,750 |
| Average Home Value | $255,573 |
Housing Distribution
Address Breakdown
Residential
8,401
Single Family
6,641
Multi-Family
1,760
Businesses
515
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