516 E Avenue J APT BGrand PrairieTX75050
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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 516 E Avenue J APT B, Grand Prairie, TX, 75050 offers $1,281/mo rent that, after a $783/mo payment. Total monthly income is $1,281/mo. Return on cash invested measures 12.27% in year one, and rental yield stands at 9.61% at a $159,990 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,202 by year five. Five-year ROI records 67.08% and total cumulative return in cash reaches $35,578. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,281/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1968
1,437 sqft lot
$N/A/sqft
$481 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75050, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,050 (100%) |
| Owner Occupied HU | 6,451 (37.8%) |
| Renter Occupied HU | 9,581 (56.2%) |
| Vacant Housing Units | 1,018 ( 6.0%) |
| Median Home Value | $273,457 |
| Average Home Value | $344,662 |
Housing Distribution
Address Breakdown
Residential
16,569
Single Family
9,012
Multi-Family
7,557
Businesses
2,073
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Listed by: Heather Combs • ALWAYS REALTY LLC
Mls Name: NTREIS
Mls ID: #20790438
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.