1416 Luke StIrvingTX75061
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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 1416 Luke St, Irving, TX, 75061 offers $2,564/mo rent that, after a $1,509/mo payment, leaves $371/mo cash flow. Total monthly income is $2,564/mo, and annual cash flow is $4,457/yr on $102,226 cash. Return on cash invested measures 24.27% in year one, and rental yield stands at 9.98% at a $308,375 entry. Equity gained on principal adds $1,990/yr while 5% annual appreciation compounds into $85,198 by year five. Five-year ROI records 127.46% and total cumulative return in cash reaches $130,297. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,564/mo property income versus a $1,509/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
9,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75061, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,151 (100%) |
| Owner Occupied HU | 7,404 (36.7%) |
| Renter Occupied HU | 11,654 (57.8%) |
| Vacant Housing Units | 1,093 ( 5.4%) |
| Median Home Value | $298,564 |
| Average Home Value | $319,555 |
Housing Distribution
Address Breakdown
Residential
20,127
Single Family
11,246
Multi-Family
8,881
Businesses
1,864
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Listed by: Shannon Bradley • Bradley Real Estate Brokerage
Mls Name: NTREIS
Mls ID: #20791619
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.