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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Euless at 401 McCormick Ct, Euless, TX, 76040 offers a 11.08% rental yield on a $325,000 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,591/mo payment leaves $568/mo available for distribution. Annual cash flow reaches $6,813/yr on $107,738 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 138.46% and total cumulative return in cash at $149,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76040, Euless, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,026 (100%) |
| Owner Occupied HU | 5,856 (41.8%) |
| Renter Occupied HU | 7,498 (53.5%) |
| Vacant Housing Units | 672 ( 4.8%) |
| Median Home Value | $351,081 |
| Average Home Value | $369,219 |
Residential
13,051
Single Family
8,310
Multi-Family
4,741
Businesses
813
Date | Event | Price |
|---|---|---|
| 2024-12-05 | Listed for sale | $325,000 |
| 2024-10-30 | Sold | N/A |
| 2024-10-09 | Pending sale | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $6843.07 | 12.67% | $360,564 | 11.60% |
| 2023-12-27 | $6073.43 | N/A | $323,094 | 17.46% |
| 2022-12-27 | N/A | N/A | $275,060 | 13.51% |
Listed by: Tod Franklin • DFWCityhomes
Mls Name: NTREIS
Mls ID: #20789104
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.
