7509 Springmeadow LnGarlandTX75044
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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 7509 Springmeadow Ln, Garland, TX, 75044 offers $6,394/mo rent that, after a $4,009/mo payment, leaves $453/mo cash flow. Total monthly income is $6,394/mo, and annual cash flow is $5,440/yr on $269,451 cash. Return on cash invested measures 22.08% in year one, and rental yield stands at 9.37% at a $819,000 entry. Equity gained on principal adds $5,285/yr while 5% annual appreciation compounds into $226,275 by year five. Five-year ROI records 115.86% and total cumulative return in cash reaches $312,177. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,394/mo property income versus a $4,009/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.33 Acres lot
$N/A/sqft
$1,395 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75044, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,272 (100%) |
| Owner Occupied HU | 10,556 (52.1%) |
| Renter Occupied HU | 8,802 (43.4%) |
| Vacant Housing Units | 914 ( 4.5%) |
| Median Home Value | $334,236 |
| Average Home Value | $376,297 |
Housing Distribution
Address Breakdown
Residential
18,523
Single Family
12,604
Multi-Family
5,919
Businesses
422
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Listed by: Blake Damron • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20923121
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.