309 Joyce 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
Rental property for sale in Garland at 309 Joyce Dr, Garland, TX, 75040 priced at $242,500 pairs $2,394/mo rent with $669/mo cash flow after a $1,187/mo payment. Total monthly income equals $2,394/mo, and annual cash flow comes to $8,034/yr on $80,389 invested. Return on cash invested is 29.9% in year one, and rental yield stands at 11.85% on a $242,500 basis. Equity gained on principal adds $1,565/yr, and 5% annual appreciation accumulates to $66,998 by year five. Five-year ROI measures 157.67% and total cumulative return in cash reaches $126,751. For financing, Ziffy Mortgage’s DSCR program evaluates $2,394/mo property income against a $1,187/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
7,492 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: Karen Hettrick • Briggs Freeman Sotheby's Int'l
Mls Name: NTREIS
Mls ID: #20745220
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.