1500 Laredo LnMesquiteTX75150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1500 Laredo Ln, Mesquite, TX, 75150 uses $99,450 cash to close to unlock $3,288/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,407/mo, and a $1,468/mo payment keeps the spread at $274/mo. Purchase price stands at $299,999, and rental yield measures 9.63% with $2,407/mo rent. Return on cash invested shows 23.22% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 121.76% and total cumulative return in cash records $121,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,407/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1983
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75150, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,474 (100%) |
| Owner Occupied HU | 10,911 (44.6%) |
| Renter Occupied HU | 12,211 (49.9%) |
| Vacant Housing Units | 1,352 ( 5.5%) |
| Median Home Value | $267,918 |
| Average Home Value | $313,712 |
Housing Distribution
Address Breakdown
Residential
23,488
Single Family
14,485
Multi-Family
9,003
Businesses
1,711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Russell Thornton • Powerstar Realty
Mls Name: NTREIS
Mls ID: #20733359
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.