3406 Corona DrGarlandTX75044
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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 3406 Corona Dr, Garland, TX, 75044 offers a 10.66% rental yield on a $247,100 purchase with $2,196/mo rent. Total monthly income registers $2,196/mo, and a $1,209/mo payment leaves $364/mo available for distribution. Annual cash flow reaches $4,371/yr on $81,914 to close, and return on cash invested stands at 25.25% in year one. Equity gained on principal adds $1,595/yr while 5% annual appreciation supports $68,269 over five years. Portfolio math shows five-year ROI at 133.11% and total cumulative return in cash at $109,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,196/mo property income against a $1,209/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2,613 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75044, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,272 (100%) |
| Owner Occupied HU | 10,556 (52.1%) |
| Renter Occupied HU | 8,802 (43.4%) |
| Vacant Housing Units | 914 ( 4.5%) |
| Median Home Value | $334,236 |
| Average Home Value | $376,297 |
Housing Distribution
Address Breakdown
Residential
18,523
Single Family
12,604
Multi-Family
5,919
Businesses
422
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