3244 SerpisGrand PrairieTX75054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3244 Serpis, Grand Prairie, TX, 75054 priced at $460,000 converts $3,611/mo rent into $340/mo cash flow after a $2,251/mo obligation. Total monthly income equals $3,611/mo, and annual cash flow totals $4,084/yr on $152,490 invested. Return on cash invested prints 22.59% in year one, and rental yield reads 9.42% against a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,090 by year five. Five-year ROI reaches 118.43% and total cumulative return in cash sums $180,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,611/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Single Family
Built in 2005
6,751 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharon Hodnett • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20798916
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.