3514 Summit 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
Investment property for sale in Garland at 3514 Summit Ln, Garland, TX, 75042 earns from $1,661/mo rent with a $1,216/mo payment. Total monthly income totals $1,661/mo. ROI tracks 18.37% on current figures, and rental yield reads 8.02% at a $248,500 purchase. Equity gained on principal adds $1,604/yr, and 5% annual appreciation supports $68,656 over five years. Five-year ROI reaches 95.83% and total cumulative return in cash sums $78,943. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,661/mo property income instead of your personal income.
Single Family
Built in 1967
7,623 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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