2602 Ridgecrest 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 2602 Ridgecrest Dr, Garland, TX, 75041 offers a 10.19% rental yield on a $264,700 purchase with $2,248/mo rent. Total monthly income registers $2,248/mo, and a $1,296/mo payment leaves $365/mo available for distribution. Annual cash flow reaches $4,383/yr on $87,748 to close, and return on cash invested stands at 24.9% in year one. Equity gained on principal adds $1,708/yr while 5% annual appreciation supports $73,132 over five years. Portfolio math shows five-year ROI at 130.88% and total cumulative return in cash at $114,845. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,248/mo property income against a $1,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,797 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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