2324 Hummingbird WayMesquiteTX75181
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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
Rental property for sale in Mesquite at 2324 Hummingbird Way, Mesquite, TX, 75181 priced at $287,900 converts $3,485/mo rent into $1,371/mo cash flow after a $1,409/mo obligation. Total monthly income equals $3,485/mo, and annual cash flow totals $16,454/yr on $95,439 invested. Return on cash invested prints 37.15% in year one, and rental yield reads 14.53% against a $287,900 entry. Equity gained on principal adds $1,858/yr, while 5% annual appreciation compiles into $79,541 by year five. Five-year ROI reaches 196.84% and total cumulative return in cash sums $187,865. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,485/mo property income covering a $1,409/mo payment, not borrower’s personal income.
Single Family
Built in 2007
5,488 sqft lot
$N/A/sqft
$400 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75181, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,100 (100%) |
| Owner Occupied HU | 7,490 (82.3%) |
| Renter Occupied HU | 1,418 (15.6%) |
| Vacant Housing Units | 192 ( 2.1%) |
| Median Home Value | $315,227 |
| Average Home Value | $344,362 |
Housing Distribution
Address Breakdown
Residential
9,197
Single Family
8,556
Multi-Family
641
Businesses
171
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Listed by: Crystal Thompson • Offerpad Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20616638
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.