2703 Waterway DrGrand PrairieTX75054
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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 2703 Waterway Dr, Grand Prairie, TX, 75054 uses $150,833 cash to close to unlock $7,673/yr annual cash flow and $639/mo monthly cash flow. Total monthly income runs $3,875/mo, and a $2,227/mo payment keeps the spread at $639/mo. Purchase price stands at $455,000, and rental yield measures 10.22% with $3,875/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 131.35% and total cumulative return in cash records $198,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,875/mo property income covering a $2,227/mo payment rather than investor’s personal income.
Single Family
Built in 2006
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75054, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,871 (100%) |
| Owner Occupied HU | 4,774 (81.3%) |
| Renter Occupied HU | 957 (16.3%) |
| Vacant Housing Units | 140 ( 2.4%) |
| Median Home Value | $446,307 |
| Average Home Value | $471,322 |
Housing Distribution
Address Breakdown
Residential
5,920
Single Family
4,747
Multi-Family
1,173
Businesses
440
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Listed by: Reshon Little • Bian Realty
Mls Name: NTREIS
Mls ID: #21063144