1506 Hickory StGrand PrairieTX75050
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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 1506 Hickory St, Grand Prairie, TX, 75050 offers a 10.39% rental yield on a $259,900 purchase with $2,250/mo rent. Total monthly income registers $2,250/mo, and a $1,272/mo payment leaves $402/mo available for distribution. Annual cash flow reaches $4,823/yr on $86,157 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 134.07% and total cumulative return in cash at $115,510. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75050, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,050 (100%) |
| Owner Occupied HU | 6,451 (37.8%) |
| Renter Occupied HU | 9,581 (56.2%) |
| Vacant Housing Units | 1,018 ( 6.0%) |
| Median Home Value | $273,457 |
| Average Home Value | $344,662 |
Housing Distribution
Address Breakdown
Residential
16,569
Single Family
9,012
Multi-Family
7,557
Businesses
2,073
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Listed by: Francis Dinh • FIN Realty
Mls Name: NTREIS
Mls ID: #21121828