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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Garland at 1928 Old Gate Ln, Garland, TX, 75042 priced at $349,000 converts $2,648/mo rent into $166/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,648/mo, and annual cash flow totals $1,997/yr on $115,694 invested. Return on cash invested prints 21.63% in year one, and rental yield reads 9.1% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 113.34% and total cumulative return in cash sums $131,124. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,648/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75042, Garland, TX area.
| 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 |
Residential
12,644
Single Family
9,085
Multi-Family
3,559
Businesses
1,317
Date | Event | Price |
|---|---|---|
| 2025-05-18 | Listed for sale | $349,000 |
| 2024-03-09 | Listing removed | N/A |
| 2024-03-05 | Price change | $2,299 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-19 | $1191.89 | 2.62% | $223,580 | 4.96% |
| 2023-05-19 | $1161.48 | 43.70% | $213,020 | N/A |
| 2022-05-19 | $808.25 | 3.43% | $213,020 | 25.30% |
Listed by: Ty Lee • Ty Lee
Mls Name: NTREIS
Mls ID: #20940549
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.
