1424 Casting RdgMesquiteTX75181
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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 Mesquite at 1424 Casting Rdg, Mesquite, TX, 75181 offers a 15.38% rental yield on a $616,069 purchase with $7,896/mo rent. Total monthly income registers $7,896/mo, and a $3,015/mo payment leaves $3,411/mo available for distribution. Annual cash flow reaches $40,935/yr on $202,687 to close, and return on cash invested stands at 40.26% in year one. Equity gained on principal adds $3,975/yr while 5% annual appreciation supports $170,209 over five years. Portfolio math shows five-year ROI at 213.37% and total cumulative return in cash at $432,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,896/mo property income against a $3,015/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,187 sqft lot
$N/A/sqft
$1,250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75181, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,100 (100%) |
| Owner Occupied HU | 7,490 (82.3%) |
| Renter Occupied HU | 1,418 (15.6%) |
| Vacant Housing Units | 192 ( 2.1%) |
| Median Home Value | $315,227 |
| Average Home Value | $344,362 |
Housing Distribution
Address Breakdown
Residential
9,197
Single Family
8,556
Multi-Family
641
Businesses
171
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Listed by: Ben Caballero • HomesUSA.com
Mls Name: NTREIS
Mls ID: #20586841
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.