1612 Casting Rdg #CLSX7NMesquiteTX75181
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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 Mesquite at 1612 Casting Rdg #CLSX7N, Mesquite, TX, 75181 generates $5,894/mo in rent and, after a $3,078/mo payment, leaves $1,422/mo in cash flow. Total monthly income is $5,894/mo, and annual cash flow is $17,066/yr on $206,875 invested. Return on cash invested sits at 28.31% in year one, and rental yield is 11.25% on a $628,800 entry. Equity gained on principal adds $4,058/yr, while 5% annual appreciation builds toward $173,726 over five years. Five-year ROI reaches 149.1% and total cumulative return in cash sums $308,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,894/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No 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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