1606 Goodwin 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 1606 Goodwin Dr, Garland, TX, 75042 earns $490/mo cash flow from $2,621/mo rent with a $1,467/mo payment. Total monthly income totals $2,621/mo, and annual cash flow totals $5,876/yr on $99,351 capital. ROI tracks 25.82% on current figures, and rental yield reads 10.49% at a $299,700 purchase. Equity gained on principal adds $1,934/yr, and 5% annual appreciation supports $82,802 over five years. Five-year ROI reaches 135.79% and total cumulative return in cash sums $134,906. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,621/mo property income instead of your personal income.
Single Family
Built in 1971
7,143 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: Alexandra Parnes • Regal, REALTORS
Mls Name: NTREIS
Mls ID: #20900077
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.