1603 John Smith DrIrvingTX75061
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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 1603 John Smith Dr, Irving, TX, 75061 listed at $274,990 pairs $1,939/mo rent with a $1,346/mo payment. Total monthly income runs $1,939/mo. Return on cash invested measures 19.69% in year one, and rental yield registers 8.46% at a $274,990 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,975 by year five. Five-year ROI tracks 102.91% and total cumulative return in cash totals $93,812. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,939/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75061, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,151 (100%) |
| Owner Occupied HU | 7,404 (36.7%) |
| Renter Occupied HU | 11,654 (57.8%) |
| Vacant Housing Units | 1,093 ( 5.4%) |
| Median Home Value | $298,564 |
| Average Home Value | $319,555 |
Housing Distribution
Address Breakdown
Residential
20,127
Single Family
11,246
Multi-Family
8,881
Businesses
1,864
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Listed by: Ashley Hightower • Texcel Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20939892
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.