215 E Rio Grande StGarlandTX75041
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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 Garland at 215 E Rio Grande St, Garland, TX, 75041 generates $1,427/mo in rent and, after a $929/mo payment, leaves $77/mo in cash flow. Total monthly income is $1,427/mo, and annual cash flow is $925/yr on $62,952 invested. Return on cash invested sits at 21.38% in year one, and rental yield is 9.02% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 112.02% and total cumulative return in cash sums $70,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,427/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75041, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,318 (100%) |
| Owner Occupied HU | 5,750 (55.7%) |
| Renter Occupied HU | 4,041 (39.2%) |
| Vacant Housing Units | 527 ( 5.1%) |
| Median Home Value | $279,595 |
| Average Home Value | $362,985 |
Housing Distribution
Address Breakdown
Residential
10,148
Single Family
7,936
Multi-Family
2,212
Businesses
1,438
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Listed by: Jenna Harris • The Sears Group
Mls Name: NTREIS
Mls ID: #21034882
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.