302 Mesa Wood DrGlenn HeightsTX75154
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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 Glenn Heights at 302 Mesa Wood Dr, Glenn Heights, TX, 75154 earns $546/mo cash flow from $2,555/mo rent with a $1,383/mo payment. Total monthly income totals $2,555/mo, and annual cash flow totals $6,549/yr on $93,649 capital. ROI tracks 26.9% on current figures, and rental yield reads 10.85% at a $282,500 purchase. Equity gained on principal adds $1,823/yr, and 5% annual appreciation supports $78,050 over five years. Five-year ROI reaches 141.56% and total cumulative return in cash sums $132,566. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,555/mo property income instead of your personal income.
Single Family
Built in 1986
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75154, Red Oak, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,844 (100%) |
| Owner Occupied HU | 14,515 (77.0%) |
| Renter Occupied HU | 3,735 (19.8%) |
| Vacant Housing Units | 594 ( 3.2%) |
| Median Home Value | $347,833 |
| Average Home Value | $386,647 |
Housing Distribution
Address Breakdown
Residential
18,969
Single Family
17,381
Multi-Family
1,588
Businesses
1,012
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Listed by: Suzie Morris • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #20955811