2967 Mere LnGrand 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
Rental property for sale in Grand Prairie at 2967 Mere Ln, Grand Prairie, TX, 75054 priced at $549,999 converts $7,453/mo rent into $3,503/mo cash flow after a $2,692/mo obligation. Total monthly income equals $7,453/mo, and annual cash flow totals $42,034/yr on $180,950 invested. Return on cash invested prints 43.29% in year one, and rental yield reads 16.26% against a $549,999 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 229.49% and total cumulative return in cash sums $415,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,453/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.27 Acres lot
$N/A/sqft
$468 annually 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: Katherine Tu • Kimberly Adams Realty
Mls Name: NTREIS
Mls ID: #20680224
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.