3 Bed 2 Bath in Garland TX

NO HOA Subto in the Heart of Dallas – Tons of Parking and PadSplit Potential!

Seize this incredible investment opportunity in the heart of Dallas, TX. This Subto property, with no HOA and no restrictions, is ideally located close to public transportation and offers ample parking, making it a perfect candidate for various cash-flowing rental strategies.

Property Details:

• Location: Dallas, TX
• Bedrooms: 3
• Bathrooms: 2
• Living Space: 1,861 sq ft
• Contract Price: $388,921.96
• Mortgage Balance: $345,718.43
• Interest Rate: 6.25%
• PITI: $3,152.82/month
• HOA: None

Financial Details:

• Total Entry Fee: $65,000 + Closing Costs + Transaction Coordinator
• Cash-Flowing Exits:
  • PadSplit: Potential revenue of $7,200+ per month (more with additional bathrooms)
  • Mid-Term Rental (MTR): Potential revenue of $5,900+ per month
  • Long-Term Rental (LTR): Does not cash flow as LTR

Investment Highlights:

• No HOA and No Restrictions: Provides maximum flexibility for rental strategies.
• Proximity to Public Transportation: Enhances tenant appeal and rental potential.
• Ample Parking: Suitable for high-occupancy rentals like PadSplit.
• High Revenue Potential: Significant monthly revenue from PadSplit and MTR options.

This property offers substantial cash-flowing potential, especially through PadSplit and mid-term rentals. With a monthly PITI of $3,152.82 and a manageable mortgage balance, the investment yields impressive returns through creative rental strategies. The spacious 1,861 sq ft home is ideal for accommodating multiple tenants, and the lack of HOA and restrictions further amplifies its rental flexibility.

Secure this lucrative investment with a $65,000 entry fee plus closing costs and transaction coordinator fees. Leverage the property’s prime location, ample parking, and robust rental demand to maximize your rental income.

Details

Property ID
SPSP-18475

Bedrooms
3

Bathrooms
2

Property Size
1861

Entry Cost ($)
65000

APR (%)
6.25

Balance ($)
345718