2912 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
Rental property for sale in Garland at 2912 Nova Dr, Garland, TX, 75044 generates $2,003/mo in rent and, after a $1,072/mo payment, leaves $363/mo in cash flow. Total monthly income is $2,003/mo, and annual cash flow is $4,351/yr on $72,599 invested. Return on cash invested sits at 25.9% in year one, and rental yield is 10.98% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 136.71% and total cumulative return in cash sums $99,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,003/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
2,439 sqft lot
$N/A/sqft
$83 monthly 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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Listed by: Matthew Holian • Monument Realty
Mls Name: NTREIS
Mls ID: #20733744
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.