3230 Centennial DrGarlandTX75042
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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 3230 Centennial Dr, Garland, TX, 75042 uses $102,765 cash to close to unlock $538/yr annual cash flow and $45/mo monthly cash flow. Total monthly income runs $2,249/mo, and a $1,517/mo payment keeps the spread at $45/mo. Purchase price stands at $309,999, and rental yield measures 8.71% with $2,249/mo rent. Return on cash invested shows 20.43% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 106.86% and total cumulative return in cash records $109,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,249/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,579 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75042, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,512 (100%) |
| Owner Occupied HU | 6,874 (54.9%) |
| Renter Occupied HU | 5,088 (40.7%) |
| Vacant Housing Units | 550 ( 4.4%) |
| Median Home Value | $266,453 |
| Average Home Value | $335,285 |
Housing Distribution
Address Breakdown
Residential
12,644
Single Family
9,085
Multi-Family
3,559
Businesses
1,317
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Listed by: Moyosore Oduye • Texas Ally Real Estate Group
Mls Name: NTREIS
Mls ID: #20826448
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.