3063 LarretaGrand 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 3063 Larreta, Grand Prairie, TX, 75054 offers $7,122/mo rent that, after a $2,692/mo payment, leaves $3,162/mo cash flow. Total monthly income is $7,122/mo, and annual cash flow is $37,943/yr on $180,950 cash. Return on cash invested measures 41.03% in year one, and rental yield stands at 15.54% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 217.39% and total cumulative return in cash reaches $393,370. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,122/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
8,842 sqft lot
$N/A/sqft
$587 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: Tony Lac • Avignon Realty
Mls Name: NTREIS
Mls ID: #20673132
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.