505 Wesley DrGrandviewTX76050
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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 Grandview at 505 Wesley Dr, Grandview, TX, 76050 uses $107,613 cash to close to unlock $29,397/yr annual cash flow and $2,450/mo monthly cash flow. Total monthly income runs $4,800/mo, and a $1,589/mo payment keeps the spread at $2,450/mo. Purchase price stands at $324,625, and rental yield measures 17.74% with $4,800/mo rent. Return on cash invested shows 47.23% in year one, and 5% annual appreciation builds toward $89,688 over five years. Five-year ROI reaches 250.71% and total cumulative return in cash records $269,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $1,589/mo payment rather than investor’s personal income.
Single Family
Built in 2024
8,533 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76050, Grandview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,010 (100%) |
| Owner Occupied HU | 2,303 (76.5%) |
| Renter Occupied HU | 500 (16.6%) |
| Vacant Housing Units | 207 ( 6.9%) |
| Median Home Value | $450,132 |
| Average Home Value | $447,276 |
Housing Distribution
Address Breakdown
Residential
2,889
Single Family
2,809
Multi-Family
80
Businesses
193
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Listed by: Stephen Kahn • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20711415
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.