2429 Southcourt CirIrvingTX75038
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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 Irving at 2429 Southcourt Cir, Irving, TX, 75038 listed at $250,000 pairs $2,296/mo rent with a $1,224/mo payment to leave $191/mo cash flow. Total monthly income runs $2,296/mo, and annual cash flow reaches $2,290/yr on $82,875 cash to close. Return on cash invested measures 22.67% in year one, and rental yield registers 11.02% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 120.6% and total cumulative return in cash totals $99,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,296/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1997
2,700 sqft lot
$N/A/sqft
$327 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75038, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,170 (100%) |
| Owner Occupied HU | 2,599 (16.1%) |
| Renter Occupied HU | 12,462 (77.1%) |
| Vacant Housing Units | 1,109 ( 6.9%) |
| Median Home Value | $449,637 |
| Average Home Value | $569,322 |
Housing Distribution
Address Breakdown
Residential
14,593
Single Family
3,392
Multi-Family
11,201
Businesses
1,109
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Listed by: Jason Mathias • Coldwell Banker Realty Frisco
Mls Name: NTREIS
Mls ID: #20961327
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.