1083 Fairmeadows CirDuncanvilleTX75116
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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
Investment property for sale in Duncanville at 1083 Fairmeadows Cir, Duncanville, TX, 75116 offers a 11.11% rental yield on a $224,999 purchase with $2,084/mo rent. Total monthly income registers $2,084/mo, and a $1,101/mo payment leaves $457/mo available for distribution. Annual cash flow reaches $5,480/yr on $74,587 to close, and return on cash invested stands at 27.26% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 143.62% and total cumulative return in cash at $107,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,084/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,535 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75116, Duncanville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,847 (100%) |
| Owner Occupied HU | 4,165 (60.8%) |
| Renter Occupied HU | 2,398 (35.0%) |
| Vacant Housing Units | 284 ( 4.1%) |
| Median Home Value | $267,151 |
| Average Home Value | $297,491 |
Housing Distribution
Address Breakdown
Residential
6,656
Single Family
5,410
Multi-Family
1,246
Businesses
800
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $224,999 |
| 2024-09-06 | Listing removed | $224,999 |
| 2024-08-27 | Contingent | $224,999 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $4064.68 | -8.41% | $178,740 | N/A |
| 2022-10-21 | $4438.12 | 70.26% | $178,740 | 20.24% |
| 2021-10-21 | $2606.61 | 7.73% | $148,650 | 5.57% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1961
- Architectural Style: Detached
- Building Area: N/A
- Living Area: 1,029 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Ceramic Tile, Laminate
- Interior Features: High Speed Internet, Pantry
- Exterior Features: N/A
- Parking Features: Driveway, On Street
Location
- City: Duncanville
- State: TX
- Subdivision: Fairmeadows 02
- Lot Size: 7,535 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Separate Meters, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Asphalt
School Information
- Elementary School: Fairmeadow
- Middle School: Reed
- High School: Duncanville
Listed by: Nick Good • EXP REALTY
Mls Name: NTREIS
Mls ID: #20693720
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.