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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 2302 Longridge Rd, Garland, TX, 75040 priced at $349,000 pairs $3,164/mo rent with $682/mo cash flow after a $1,708/mo payment. Total monthly income equals $3,164/mo, and annual cash flow comes to $8,189/yr on $115,694 invested. Return on cash invested is 26.99% in year one, and rental yield stands at 10.88% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 142.03% and total cumulative return in cash reaches $164,316. For financing, Ziffy Mortgage’s DSCR program evaluates $3,164/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75040, Garland, TX area.
| 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 |
Residential
21,790
Single Family
17,823
Multi-Family
3,967
Businesses
1,423
Date | Event | Price |
|---|---|---|
| 2025-03-11 | Listed for sale | $349,000 |
| 2025-02-25 | Listed for rent | $2,495 |
| 2024-10-14 | Listing removed | $2,499 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tu Anh Tran • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20867821
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.
