506 Cashmere DrGarlandTX75041
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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 506 Cashmere Dr, Garland, TX, 75041 priced at $477,900 converts $3,598/mo rent into $200/mo cash flow after a $2,339/mo obligation. Total monthly income equals $3,598/mo, and annual cash flow totals $2,396/yr on $158,424 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 9.03% against a $477,900 entry. Equity gained on principal adds $3,084/yr, while 5% annual appreciation compiles into $132,035 by year five. Five-year ROI reaches 112.16% and total cumulative return in cash sums $177,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,598/mo property income covering a $2,339/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.34 Acres 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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Listed by: Art Acosta • The Associates Realty Group
Mls Name: NTREIS
Mls ID: #20950547
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.