1601 Hill Creek DrGarlandTX75043
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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 1601 Hill Creek Dr, Garland, TX, 75043 offers $5,262/mo rent that, after a $2,275/mo payment, leaves $1,908/mo cash flow. Total monthly income is $5,262/mo, and annual cash flow is $22,892/yr on $154,114 cash. Return on cash invested measures 34.76% in year one, and rental yield stands at 13.58% at a $464,900 entry. Equity gained on principal adds $3,000/yr while 5% annual appreciation compounds into $128,443 by year five. Five-year ROI records 183.84% and total cumulative return in cash reaches $283,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,262/mo property income versus a $2,275/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
9,234 sqft lot
$N/A/sqft
$293 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75043, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,240 (100%) |
| Owner Occupied HU | 13,880 (57.3%) |
| Renter Occupied HU | 9,044 (37.3%) |
| Vacant Housing Units | 1,316 ( 5.4%) |
| Median Home Value | $296,591 |
| Average Home Value | $346,299 |
Housing Distribution
Address Breakdown
Residential
24,006
Single Family
17,774
Multi-Family
6,232
Businesses
849
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Listed by: Karen Hallman • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20683840
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.