12924 Mitchell DrBalch SpringsTX75180
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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 Balch Springs at 12924 Mitchell Dr, Balch Springs, TX, 75180 earns $76/mo cash flow from $1,192/mo rent with a $768/mo payment. Total monthly income totals $1,192/mo, and annual cash flow totals $912/yr on $52,046 capital. ROI tracks 21.66% on current figures, and rental yield reads 9.11% at a $157,000 purchase. Equity gained on principal adds $1,013/yr, and 5% annual appreciation supports $43,376 over five years. Five-year ROI reaches 113.45% and total cumulative return in cash sums $59,048. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,192/mo property income instead of your personal income.
Single Family
Built in 1959
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75180, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,799 (100%) |
| Owner Occupied HU | 4,657 (52.9%) |
| Renter Occupied HU | 3,752 (42.6%) |
| Vacant Housing Units | 390 ( 4.4%) |
| Median Home Value | $232,521 |
| Average Home Value | $337,335 |
Housing Distribution
Address Breakdown
Residential
8,729
Single Family
6,959
Multi-Family
1,770
Businesses
623
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Listed by: Isaias Mercado • Monument Realty
Mls Name: NTREIS
Mls ID: #21130994