1613 Whiteoak 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
Investment property for sale in Garland at 1613 Whiteoak Dr, Garland, TX, 75040 uses $91,163 cash to close to unlock $2,885/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $2,196/mo, and a $1,346/mo payment keeps the spread at $240/mo. Purchase price stands at $275,000, and rental yield measures 9.58% with $2,196/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash records $110,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1977
7,535 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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