1516 Solterra BlvdMesquiteTX75181
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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 1516 Solterra Blvd, Mesquite, TX, 75181 uses $108,563 cash to close to unlock $1,657/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $2,896/mo, and a $1,603/mo payment keeps the spread at $138/mo. Purchase price stands at $327,490, and rental yield measures 10.61% with $2,896/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $90,479 over five years. Five-year ROI reaches 113.99% and total cumulative return in cash records $123,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $1,603/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$429 monthly 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: Karla Davis • Pinnacle Realty Advisors
Mls Name: NTREIS
Mls ID: #20786847
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.