2602 Garden Ridge LnArlingtonTX76006
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Arlington at 2602 Garden Ridge Ln, Arlington, TX, 76006 uses $157,463 cash to close to unlock $21,787/yr annual cash flow and $1,816/mo monthly cash flow. Total monthly income runs $5,254/mo, and a $2,325/mo payment keeps the spread at $1,816/mo. Purchase price stands at $475,000, and rental yield measures 13.27% with $5,254/mo rent. Return on cash invested shows 33.75% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 178.42% and total cumulative return in cash records $280,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,254/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1993
8,015 sqft lot
$N/A/sqft
$51 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76006, Arlington, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,773 (100%) |
| Owner Occupied HU | 3,188 (23.1%) |
| Renter Occupied HU | 9,540 (69.3%) |
| Vacant Housing Units | 1,045 ( 7.6%) |
| Median Home Value | $336,545 |
| Average Home Value | $355,682 |
Housing Distribution
Address Breakdown
Residential
12,947
Single Family
3,563
Multi-Family
9,384
Businesses
940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beena Momin • Tycoon Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20712379
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.