118 W Phillips CtGrand PrairieTX75051
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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 Grand Prairie at 118 W Phillips Ct, Grand Prairie, TX, 75051 offers a 10.32% rental yield on a $330,000 purchase with $2,837/mo rent. Total monthly income registers $2,837/mo, and a $1,615/mo payment leaves $491/mo available for distribution. Annual cash flow reaches $5,886/yr on $109,395 to close, and return on cash invested stands at 25.29% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 132.92% and total cumulative return in cash at $145,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,837/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75051, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,179 (100%) |
| Owner Occupied HU | 6,325 (48.0%) |
| Renter Occupied HU | 6,047 (45.9%) |
| Vacant Housing Units | 807 ( 6.1%) |
| Median Home Value | $228,777 |
| Average Home Value | $275,430 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
9,857
Multi-Family
3,463
Businesses
1,218
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Listed by: Roxana Menjivar • JPAR Dallas
Mls Name: NTREIS
Mls ID: #21042329