2020 Garden Park CtRichardsonTX75080
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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
Rental property for sale in Richardson at 2020 Garden Park Ct, Richardson, TX, 75080 priced at $599,900 converts $3,533/mo rent into after a $2,936/mo obligation. Total monthly income equals $3,533/mo. Return on cash invested prints 14.59% in year one, and rental yield reads 7.07% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 75.89% and total cumulative return in cash sums $149,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,533/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 2013
4,051 sqft lot
$N/A/sqft
$1,000 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Housing Distribution
Address Breakdown
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
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Listed by: Brooke East • RE/MAX Four Corners
Mls Name: NTREIS
Mls ID: #20837649
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.