3634 Palm DrMesquiteTX75150
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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 3634 Palm Dr, Mesquite, TX, 75150 uses $65,306 cash to close to unlock $182/yr annual cash flow and $15/mo monthly cash flow. Total monthly income runs $1,538/mo, and a $964/mo payment keeps the spread at $15/mo. Purchase price stands at $197,000, and rental yield measures 9.37% with $1,538/mo rent. Return on cash invested shows 20.19% in year one, and 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash records $69,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,538/mo property income covering a $964/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,361 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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Listed by: Zachary Moore • Repeat Realty, LLC
Mls Name: NTREIS
Mls ID: #20913261
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.