2342 February LnGrand PrairieTX75050
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grand Prairie at 2342 February Ln, Grand Prairie, TX, 75050 uses $92,820 cash to close to unlock $6,760/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $2,554/mo, and a $1,370/mo payment keeps the spread at $563/mo. Purchase price stands at $280,000, and rental yield measures 10.95% with $2,554/mo rent. Return on cash invested shows 27.19% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 143.14% and total cumulative return in cash records $132,861. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,554/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1968
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75050, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,050 (100%) |
| Owner Occupied HU | 6,451 (37.8%) |
| Renter Occupied HU | 9,581 (56.2%) |
| Vacant Housing Units | 1,018 ( 6.0%) |
| Median Home Value | $273,457 |
| Average Home Value | $344,662 |
Housing Distribution
Address Breakdown
Residential
16,569
Single Family
9,012
Multi-Family
7,557
Businesses
2,073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Galdamez • Ultima Real Estate Services
Mls Name: NTREIS
Mls ID: #21173279