242 W Cober DrGrand PrairieTX75051
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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 Grand Prairie at 242 W Cober Dr, Grand Prairie, TX, 75051 priced at $355,000 converts $2,550/mo rent into $25/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,550/mo, and annual cash flow totals $301/yr on $117,683 invested. Return on cash invested prints 20.16% in year one, and rental yield reads 8.62% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 105.46% and total cumulative return in cash sums $124,104. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,550/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1958
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75051, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,179 (100%) |
| Owner Occupied HU | 6,325 (48.0%) |
| Renter Occupied HU | 6,047 (45.9%) |
| Vacant Housing Units | 807 ( 6.1%) |
| Median Home Value | $228,777 |
| Average Home Value | $275,430 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
9,857
Multi-Family
3,463
Businesses
1,218
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Listed by: Nick Premer • Hart of Texas
Mls Name: NTREIS
Mls ID: #21090878