605 Carriagehouse Ln #B-2GarlandTX75040
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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 605 Carriagehouse Ln #B-2, Garland, TX, 75040 priced at $188,000 pairs $1,435/mo rent with $98/mo cash flow after a $920/mo payment. Total monthly income equals $1,435/mo, and annual cash flow comes to $1,179/yr on $62,322 invested. Return on cash invested is 21.8% in year one, and rental yield stands at 9.16% on a $188,000 basis. Equity gained on principal adds $1,213/yr, and 5% annual appreciation accumulates to $51,941 by year five. Five-year ROI measures 114.25% and total cumulative return in cash reaches $71,204. For financing, Ziffy Mortgage’s DSCR program evaluates $1,435/mo property income against a $920/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
6.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75040, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,195 (100%) |
| Owner Occupied HU | 14,352 (61.9%) |
| Renter Occupied HU | 7,552 (32.6%) |
| Vacant Housing Units | 1,291 ( 5.6%) |
| Median Home Value | $285,892 |
| Average Home Value | $325,620 |
Housing Distribution
Address Breakdown
Residential
21,790
Single Family
17,823
Multi-Family
3,967
Businesses
1,423
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