1615 Ridgemar DrGrand PrairieTX75051
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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 Grand Prairie at 1615 Ridgemar Dr, Grand Prairie, TX, 75051 listed at $360,000 pairs $2,932/mo rent with a $1,762/mo payment to leave $372/mo cash flow. Total monthly income runs $2,932/mo, and annual cash flow reaches $4,464/yr on $119,340 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.77% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 124.11% and total cumulative return in cash totals $148,113. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,932/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2011
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75051, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,179 (100%) |
| Owner Occupied HU | 6,325 (48.0%) |
| Renter Occupied HU | 6,047 (45.9%) |
| Vacant Housing Units | 807 ( 6.1%) |
| Median Home Value | $228,777 |
| Average Home Value | $275,430 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
9,857
Multi-Family
3,463
Businesses
1,218
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Listed by: Steven Lam • Tiffany Realty LLC
Mls Name: NTREIS
Mls ID: #21117427