3209 Shannons PlGarlandTX75043
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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 3209 Shannons Pl, Garland, TX, 75043 uses $149,175 cash to close to unlock $1,554/yr annual cash flow and $130/mo monthly cash flow. Total monthly income runs $3,330/mo, and a $2,203/mo payment keeps the spread at $130/mo. Purchase price stands at $450,000, and rental yield measures 8.88% with $3,330/mo rent. Return on cash invested shows 20.95% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 109.65% and total cumulative return in cash records $163,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,330/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1985
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75043, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,240 (100%) |
| Owner Occupied HU | 13,880 (57.3%) |
| Renter Occupied HU | 9,044 (37.3%) |
| Vacant Housing Units | 1,316 ( 5.4%) |
| Median Home Value | $296,591 |
| Average Home Value | $346,299 |
Housing Distribution
Address Breakdown
Residential
24,006
Single Family
17,774
Multi-Family
6,232
Businesses
849
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