1352 Cherry Hills LnIrvingTX75038
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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
Rental property for sale in Irving at 1352 Cherry Hills Ln, Irving, TX, 75038 offers $7,856/mo rent that, after a $4,960/mo payment, leaves $40/mo cash flow. Total monthly income is $7,856/mo, and annual cash flow is $475/yr on $328,352 cash. Return on cash invested measures 20.51% in year one, and rental yield stands at 9.3% at a $1,013,433 entry. Equity gained on principal adds $6,540/yr while 5% annual appreciation compounds into $279,993 by year five. Five-year ROI records 108.04% and total cumulative return in cash reaches $354,753. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,856/mo property income versus a $4,960/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
2,774 sqft lot
$N/A/sqft
$610 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75038, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,170 (100%) |
| Owner Occupied HU | 2,599 (16.1%) |
| Renter Occupied HU | 12,462 (77.1%) |
| Vacant Housing Units | 1,109 ( 6.9%) |
| Median Home Value | $449,637 |
| Average Home Value | $569,322 |
Housing Distribution
Address Breakdown
Residential
14,593
Single Family
3,392
Multi-Family
11,201
Businesses
1,109
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Listed by: Carole Campbell • Colleen Frost Real Estate Serv
Mls Name: NTREIS
Mls ID: #20603434
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.