309 E Apollo RdGarlandTX75040
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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 309 E Apollo Rd, Garland, TX, 75040 offers $3,792/mo rent that, after a $1,644/mo payment, leaves $1,403/mo cash flow. Total monthly income is $3,792/mo, and annual cash flow is $16,841/yr on $111,351 cash. Return on cash invested measures 35.03% in year one, and rental yield stands at 13.55% at a $335,900 entry. Equity gained on principal adds $2,168/yr while 5% annual appreciation compounds into $92,803 by year five. Five-year ROI records 185.17% and total cumulative return in cash reaches $206,187. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,792/mo property income versus a $1,644/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
7,200 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: Lily Nguyen • Mercedes Realtors
Mls Name: NTREIS
Mls ID: #20695205
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.