2328 Meredith LnGarlandTX75042
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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 2328 Meredith Ln, Garland, TX, 75042 with 5% annual appreciation on a $530,000 basis while $4,595/mo rent supports operations. Total monthly income totals $4,595/mo and a $2,594/mo payment preserves $826/mo for cash returns. Annual cash flow comes to $9,914/yr on $174,370 deployed, and return on cash invested reaches 25.75% in year one. Equity gained on principal adds $3,420/yr, and five-year appreciation sums $146,429 alongside rental yield of 10.4%. Five-year ROI measures 135.35% and total cumulative return in cash totals $236,011.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,595/mo property income versus a $2,594/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
9,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75042, Garland, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,644
Single Family
9,085
Multi-Family
3,559
Businesses
1,317
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