2306 Edinburgh WayGarlandTX75040
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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 2306 Edinburgh Way, Garland, TX, 75040 uses $147,186 cash to close to unlock $1,714/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $3,300/mo, and a $2,173/mo payment keeps the spread at $143/mo. Purchase price stands at $444,000, and rental yield measures 8.92% with $3,300/mo rent. Return on cash invested shows 21.07% in year one, and 5% annual appreciation builds toward $122,669 over five years. Five-year ROI reaches 110.29% and total cumulative return in cash records $162,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,300/mo property income covering a $2,173/mo payment rather than investor’s personal income.
Single Family
Built in 1992
7,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75040, Garland, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
21,790
Single Family
17,823
Multi-Family
3,967
Businesses
1,423
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Listed by: Lorena Garcia • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20924911
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.