2344 Alsiddiq DrIrvingTX75062
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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 Irving at 2344 Alsiddiq Dr, Irving, TX, 75062 priced at $530,000 converts $3,198/mo rent into after a $2,594/mo obligation. Total monthly income equals $3,198/mo. Return on cash invested prints 15.1% in year one, and rental yield reads 7.24% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 78.64% and total cumulative return in cash sums $137,119. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,198/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,181 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75062, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,358 (100%) |
| Owner Occupied HU | 7,630 (44.0%) |
| Renter Occupied HU | 8,916 (51.4%) |
| Vacant Housing Units | 812 ( 4.7%) |
| Median Home Value | $290,436 |
| Average Home Value | $374,303 |
Housing Distribution
Address Breakdown
Residential
18,373
Single Family
10,301
Multi-Family
8,072
Businesses
1,890
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Listed by: Iltiaz Nagaria • JPAR Grapevine West
Mls Name: NTREIS
Mls ID: #20907100
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.