2929 Forest Park DrGarlandTX75040
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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 2929 Forest Park Dr, Garland, TX, 75040 earns $335/mo cash flow from $2,504/mo rent with a $1,493/mo payment. Total monthly income totals $2,504/mo, and annual cash flow totals $4,019/yr on $101,108 capital. ROI tracks 23.88% on current figures, and rental yield reads 9.85% at a $305,000 purchase. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 over five years. Five-year ROI reaches 125.35% and total cumulative return in cash sums $126,742. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,504/mo property income instead of your personal income.
Single Family
Built in 1975
7,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75040, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,195 (100%) |
| Owner Occupied HU | 14,352 (61.9%) |
| Renter Occupied HU | 7,552 (32.6%) |
| Vacant Housing Units | 1,291 ( 5.6%) |
| Median Home Value | $285,892 |
| Average Home Value | $325,620 |
Housing Distribution
Address Breakdown
Residential
21,790
Single Family
17,823
Multi-Family
3,967
Businesses
1,423
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Listed by: Nichelle Boyland • C21 Fine Homes Judge Fite
Mls Name: NTREIS
Mls ID: #20935568
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.