2908 Nova DrGarlandTX75044
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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 2908 Nova Dr, Garland, TX, 75044 uses $104,423 cash to close to unlock $4,425/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $2,609/mo, and a $1,542/mo payment keeps the spread at $369/mo. Purchase price stands at $315,000, and rental yield measures 9.94% with $2,609/mo rent. Return on cash invested shows 24.15% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 126.78% and total cumulative return in cash records $132,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,609/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1976
2,439 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75044, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,272 (100%) |
| Owner Occupied HU | 10,556 (52.1%) |
| Renter Occupied HU | 8,802 (43.4%) |
| Vacant Housing Units | 914 ( 4.5%) |
| Median Home Value | $334,236 |
| Average Home Value | $376,297 |
Housing Distribution
Address Breakdown
Residential
18,523
Single Family
12,604
Multi-Family
5,919
Businesses
422
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