1402 S Carrier Pkwy APT 310Grand 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 1402 S Carrier Pkwy APT 310, Grand Prairie, TX, 75051 earns $163/mo cash flow from $1,514/mo rent with a $930/mo payment. Total monthly income totals $1,514/mo, and annual cash flow totals $1,954/yr on $62,985 capital. ROI tracks 23.01% on current figures, and rental yield reads 9.56% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 120.7% and total cumulative return in cash sums $76,020. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,514/mo property income instead of your personal income.
Townhouse
Built in 1974
3,746 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: Israel Nuno • Signature Real Estate Group
Mls Name: NTREIS
Mls ID: #21152735