818 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 818 Clarissa Pl, Garland, TX, 75040 generates $1,836/mo in rent and, after a $1,003/mo payment, leaves $379/mo in cash flow. Total monthly income is $1,836/mo, and annual cash flow is $4,543/yr on $67,958 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 10.75% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash sums $95,094. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,836/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
2,265 sqft 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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