804 Clarissa PlGarlandTX75040
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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 804 Clarissa Pl, Garland, TX, 75040 generates $2,005/mo in rent and, after a $1,052/mo payment, leaves $432/mo in cash flow. Total monthly income is $2,005/mo, and annual cash flow is $5,189/yr on $71,273 invested. Return on cash invested sits at 27.19% in year one, and rental yield is 11.19% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 143.4% and total cumulative return in cash sums $102,205. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,005/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
2,439 sqft lot
$N/A/sqft
$44 monthly 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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Listed by: Alan Valdes Trejo • LPT Realty LLC
Mls Name: NTREIS
Mls ID: #20955384
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.