156 E Wanda DrGarlandTX75040
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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 Garland at 156 E Wanda Dr, Garland, TX, 75040 priced at $204,900 converts $1,957/mo rent into $500/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,957/mo, and annual cash flow totals $5,998/yr on $67,924 invested. Return on cash invested prints 28.74% in year one, and rental yield reads 11.46% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 151.4% and total cumulative return in cash sums $102,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,957/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,492 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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Listed by: Richard Milam • Texas Premier Realty
Mls Name: NTREIS
Mls ID: #20784657
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.