610 Hanover LnIrvingTX75062
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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 Irving at 610 Hanover Ln, Irving, TX, 75062 priced at $408,700 converts $3,119/mo rent into $213/mo cash flow after a $2,000/mo obligation. Total monthly income equals $3,119/mo, and annual cash flow totals $2,557/yr on $135,484 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 9.16% against a $408,700 entry. Equity gained on principal adds $2,637/yr, while 5% annual appreciation compiles into $112,916 by year five. Five-year ROI reaches 114.19% and total cumulative return in cash sums $154,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,119/mo property income covering a $2,000/mo payment, not borrower’s personal income.
Single Family
Built in 1971
8,760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75062, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,358 (100%) |
| Owner Occupied HU | 7,630 (44.0%) |
| Renter Occupied HU | 8,916 (51.4%) |
| Vacant Housing Units | 812 ( 4.7%) |
| Median Home Value | $290,436 |
| Average Home Value | $374,303 |
Housing Distribution
Address Breakdown
Residential
18,373
Single Family
10,301
Multi-Family
8,072
Businesses
1,890
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