Violet Plan, RiversetGarlandTX75042
Nearby investment properties with comparable rents
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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 Violet Plan, Riverset, Garland, TX, 75042 priced at $499,990 converts $5,858/mo rent into $2,303/mo cash flow after a $2,447/mo obligation. Total monthly income equals $5,858/mo, and annual cash flow totals $27,632/yr on $165,747 invested. Return on cash invested prints 36.58% in year one, and rental yield reads 14.06% against a $499,990 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,138 by year five. Five-year ROI reaches 193.45% and total cumulative return in cash sums $320,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,858/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75042, Garland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,512 (100%) |
| Owner Occupied HU | 6,874 (54.9%) |
| Renter Occupied HU | 5,088 (40.7%) |
| Vacant Housing Units | 550 ( 4.4%) |
| Median Home Value | $266,453 |
| Average Home Value | $335,285 |
Housing Distribution
Address Breakdown
Residential
12,644
Single Family
9,085
Multi-Family
3,559
Businesses
1,317
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