229 Overland TrlMesquiteTX75149
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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 229 Overland Trl, Mesquite, TX, 75149 uses $71,273 cash to close to unlock $6,545/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $2,074/mo, and a $1,052/mo payment keeps the spread at $545/mo. Purchase price stands at $215,000, and rental yield measures 11.58% with $2,074/mo rent. Return on cash invested shows 29.09% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 153.33% and total cumulative return in cash records $109,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,074/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
4,573 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75149, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,884 (100%) |
| Owner Occupied HU | 12,401 (59.4%) |
| Renter Occupied HU | 7,575 (36.3%) |
| Vacant Housing Units | 908 ( 4.3%) |
| Median Home Value | $264,734 |
| Average Home Value | $329,289 |
Housing Distribution
Address Breakdown
Residential
20,244
Single Family
17,707
Multi-Family
2,537
Businesses
1,156
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