1509 McHam StIrvingTX75062
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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 1509 McHam St, Irving, TX, 75062 priced at $349,000 pairs $5,060/mo rent with $2,578/mo cash flow after a $1,708/mo payment. Total monthly income equals $5,060/mo, and annual cash flow comes to $30,941/yr on $115,694 invested. Return on cash invested is 46.65% in year one, and rental yield stands at 17.4% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 247.47% and total cumulative return in cash reaches $286,308. For financing, Ziffy Mortgage’s DSCR program evaluates $5,060/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75062, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,358 (100%) |
| Owner Occupied HU | 7,630 (44.0%) |
| Renter Occupied HU | 8,916 (51.4%) |
| Vacant Housing Units | 812 ( 4.7%) |
| Median Home Value | $290,436 |
| Average Home Value | $374,303 |
Housing Distribution
Address Breakdown
Residential
18,373
Single Family
10,301
Multi-Family
8,072
Businesses
1,890
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Listed by: Mohammed Bari • JPAR - Plano
Mls Name: NTREIS
Mls ID: #20908208
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.