2308 Ruby RdIrvingTX75060
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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 2308 Ruby Rd, Irving, TX, 75060 offers a 10.38% rental yield on a $385,000 purchase with $3,330/mo rent. Total monthly income registers $3,330/mo, and a $1,884/mo payment leaves $593/mo available for distribution. Annual cash flow reaches $7,111/yr on $127,628 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 133.94% and total cumulative return in cash at $170,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,330/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75060, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,299 (100%) |
| Owner Occupied HU | 9,132 (59.7%) |
| Renter Occupied HU | 5,541 (36.2%) |
| Vacant Housing Units | 626 ( 4.1%) |
| Median Home Value | $289,343 |
| Average Home Value | $365,158 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
12,945
Multi-Family
2,430
Businesses
948
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Listed by: Lisa Cowen • Monument Realty
Mls Name: NTREIS
Mls ID: #20967448
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.