3422 Blue Ridge LnGarlandTX75042
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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 3422 Blue Ridge Ln, Garland, TX, 75042 offers $3,286/mo rent that, after a $1,884/mo payment, leaves $549/mo cash flow. Total monthly income is $3,286/mo, and annual cash flow is $6,583/yr on $127,628 cash. Return on cash invested measures 25.07% in year one, and rental yield stands at 10.24% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 131.72% and total cumulative return in cash reaches $168,106. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,286/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,189 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: Nimesh Patel • Briggs Freeman Sotheby's Int'l
Mls Name: NTREIS
Mls ID: #20922513
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.