6977 Draper LnGarlandTX75043
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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 6977 Draper Ln, Garland, TX, 75043 priced at $449,770 converts $4,423/mo rent into $1,179/mo cash flow after a $2,201/mo obligation. Total monthly income equals $4,423/mo, and annual cash flow totals $14,150/yr on $149,099 invested. Return on cash invested prints 29.4% in year one, and rental yield reads 11.8% against a $449,770 entry. Equity gained on principal adds $2,902/yr, while 5% annual appreciation compiles into $124,263 by year five. Five-year ROI reaches 155.1% and total cumulative return in cash sums $231,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,423/mo property income covering a $2,201/mo payment, not borrower’s personal income.
Single Family
Built in 2025
7,187 sqft lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75043, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,240 (100%) |
| Owner Occupied HU | 13,880 (57.3%) |
| Renter Occupied HU | 9,044 (37.3%) |
| Vacant Housing Units | 1,316 ( 5.4%) |
| Median Home Value | $296,591 |
| Average Home Value | $346,299 |
Housing Distribution
Address Breakdown
Residential
24,006
Single Family
17,774
Multi-Family
6,232
Businesses
849
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Listed by: Kim Reasor • Jeanette Anderson Real Estate
Mls Name: NTREIS
Mls ID: #20825197
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.