2500 Morningside DrGarlandTX75041
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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 2500 Morningside Dr, Garland, TX, 75041 uses $86,190 cash to close to unlock $5,888/yr annual cash flow and $491/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,273/mo payment keeps the spread at $491/mo. Purchase price stands at $260,000, and rental yield measures 10.8% with $2,340/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 140.7% and total cumulative return in cash records $121,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,492 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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