1620 W Northgate DrIrvingTX75062
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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 1620 W Northgate Dr, Irving, TX, 75062 offers a 10.71% rental yield on a $351,000 purchase with $3,133/mo rent. Total monthly income registers $3,133/mo, and a $1,718/mo payment leaves $637/mo available for distribution. Annual cash flow reaches $7,643/yr on $116,357 to close, and return on cash invested stands at 26.48% in year one. Equity gained on principal adds $2,265/yr while 5% annual appreciation supports $96,975 over five years. Portfolio math shows five-year ROI at 139.27% and total cumulative return in cash at $162,052. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,133/mo property income against a $1,718/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75062, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,358 (100%) |
| Owner Occupied HU | 7,630 (44.0%) |
| Renter Occupied HU | 8,916 (51.4%) |
| Vacant Housing Units | 812 ( 4.7%) |
| Median Home Value | $290,436 |
| Average Home Value | $374,303 |
Housing Distribution
Address Breakdown
Residential
18,373
Single Family
10,301
Multi-Family
8,072
Businesses
1,890
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