2353 Homewood LnGrand PrairieTX75050
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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 Grand Prairie at 2353 Homewood Ln, Grand Prairie, TX, 75050 listed at $315,000 pairs $2,782/mo rent with a $1,542/mo payment to leave $542/mo cash flow. Total monthly income runs $2,782/mo, and annual cash flow reaches $6,501/yr on $104,423 cash to close. Return on cash invested measures 26.13% in year one, and rental yield registers 10.6% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 137.42% and total cumulative return in cash totals $143,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,782/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2011
1,873 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
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Listed by: Julien Peralta • KELLER WILLIAMS REALTY
Mls Name: NTREIS
Mls ID: #21015246