2302 Erwin DrEulessTX76039
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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 Euless at 2302 Erwin Dr, Euless, TX, 76039 listed at $425,000 pairs $3,610/mo rent with a $2,080/mo payment to leave $588/mo cash flow. Total monthly income runs $3,610/mo, and annual cash flow reaches $7,055/yr on $140,888 cash to close. Return on cash invested measures 24.92% in year one, and rental yield registers 10.19% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 130.89% and total cumulative return in cash totals $184,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,610/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
8,668 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76039, Euless, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,085 (100%) |
| Owner Occupied HU | 6,901 (38.2%) |
| Renter Occupied HU | 10,272 (56.8%) |
| Vacant Housing Units | 912 ( 5.0%) |
| Median Home Value | $402,162 |
| Average Home Value | $461,114 |
Housing Distribution
Address Breakdown
Residential
17,724
Single Family
8,530
Multi-Family
9,194
Businesses
737
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Listed by: Nitin Gupta • Competitive Edge Realty LLC
Mls Name: NTREIS
Mls ID: #20825833
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.