1511 Biltmore LnIrvingTX75063
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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 Irving at 1511 Biltmore Ln, Irving, TX, 75063 uses $139,227 cash to close to unlock $1,476/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $3,530/mo, and a $2,056/mo payment keeps the spread at $123/mo. Purchase price stands at $419,990, and rental yield measures 10.09% with $3,530/mo rent. Return on cash invested shows 20.97% in year one, and 5% annual appreciation builds toward $116,035 over five years. Five-year ROI reaches 111.08% and total cumulative return in cash records $154,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,530/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
1,873 sqft lot
$N/A/sqft
$420 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75063, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,686 (100%) |
| Owner Occupied HU | 7,433 (37.8%) |
| Renter Occupied HU | 11,195 (56.9%) |
| Vacant Housing Units | 1,058 ( 5.4%) |
| Median Home Value | $491,967 |
| Average Home Value | $531,117 |
Housing Distribution
Address Breakdown
Residential
19,062
Single Family
8,244
Multi-Family
10,818
Businesses
1,639
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Listed by: Angela Weedon • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20975828
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.