1717 Melrose StGarlandTX75042
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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 1717 Melrose St, Garland, TX, 75042 uses $106,080 cash to close to unlock $7,352/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $2,888/mo, and a $1,566/mo payment keeps the spread at $613/mo. Purchase price stands at $320,000, and rental yield measures 10.83% with $2,888/mo rent. Return on cash invested shows 26.84% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 141.22% and total cumulative return in cash records $149,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,888/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1972
7,579 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: Cindy Ton • TNG Realty
Mls Name: NTREIS
Mls ID: #20937181
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.