234 Trailridge Dr

Garland, TX 75043
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3 bd, 2 ba | 1,380 sqft | Built in 1971

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Portfolio Sale

List Price
$165,000

Initial Investment

$46,384

Purchase Price

$164,000

Down Payment

25%

Rent

$1,408

Total Return

$84,621

Annualized Return

22.6%

Cap Rate

5.2%

Gross Yield

10.3%

Cash Flow

-$1,075

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

08/01/2015

Lease End

09/30/2020

Lot Size

7,810

HOA

None

Flood Risk

Not Required

  • Solid long-term tenant (leased since 2015), responsible and consistently pays on time
  • Corner lot with a new fence
  • Seller recently made repairs on home, view inspection documents for more info

See more in Analysis

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Annual Financial Highlights

Expected Rent

$16,051

Expenses

-$4,110

Property Taxes

-$4,100

Loan Payments

-$8,916

Net Cash Flow

-$1,075

See more in Financials

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