2724 Red River StMesquiteTX75150
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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 Mesquite at 2724 Red River St, Mesquite, TX, 75150 uses $106,047 cash to close to unlock $587/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $2,324/mo, and a $1,566/mo payment keeps the spread at $49/mo. Purchase price stands at $319,900, and rental yield measures 8.72% with $2,324/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 107.02% and total cumulative return in cash records $113,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,324/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1983
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75150, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,474 (100%) |
| Owner Occupied HU | 10,911 (44.6%) |
| Renter Occupied HU | 12,211 (49.9%) |
| Vacant Housing Units | 1,352 ( 5.5%) |
| Median Home Value | $267,918 |
| Average Home Value | $313,712 |
Housing Distribution
Address Breakdown
Residential
23,488
Single Family
14,485
Multi-Family
9,003
Businesses
1,711
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