401 E Miller RdGarlandTX75041
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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 401 E Miller Rd, Garland, TX, 75041 offers $2,182/mo rent that, after a $1,415/mo payment, leaves $126/mo cash flow. Total monthly income is $2,182/mo, and annual cash flow is $1,517/yr on $95,804 cash. Return on cash invested measures 21.49% in year one, and rental yield stands at 9.06% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 112.56% and total cumulative return in cash reaches $107,834. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,182/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1954
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75041, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,318 (100%) |
| Owner Occupied HU | 5,750 (55.7%) |
| Renter Occupied HU | 4,041 (39.2%) |
| Vacant Housing Units | 527 ( 5.1%) |
| Median Home Value | $279,595 |
| Average Home Value | $362,985 |
Housing Distribution
Address Breakdown
Residential
10,148
Single Family
7,936
Multi-Family
2,212
Businesses
1,438
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