1601 Meadowcrest DrGarlandTX75042
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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 1601 Meadowcrest Dr, Garland, TX, 75042 with 5% annual appreciation on a $285,000 basis while $2,339/mo rent supports operations. Total monthly income totals $2,339/mo and a $1,395/mo payment preserves $312/mo for cash returns. Annual cash flow comes to $3,747/yr on $94,478 deployed, and return on cash invested reaches 23.88% in year one. Equity gained on principal adds $1,839/yr, and five-year appreciation sums $78,740 alongside rental yield of 9.85%. Five-year ROI measures 125.36% and total cumulative return in cash totals $118,434.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,339/mo property income versus a $1,395/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
7,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75042, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,512 (100%) |
| Owner Occupied HU | 6,874 (54.9%) |
| Renter Occupied HU | 5,088 (40.7%) |
| Vacant Housing Units | 550 ( 4.4%) |
| Median Home Value | $266,453 |
| Average Home Value | $335,285 |
Housing Distribution
Address Breakdown
Residential
12,644
Single Family
9,085
Multi-Family
3,559
Businesses
1,317
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Listed by: Cody Denson • Gingrich Group, LLC
Mls Name: NTREIS
Mls ID: #20823369
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.