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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 Grand Prairie at 613 SW 3rd St, Grand Prairie, TX, 75051 with 5% annual appreciation on a $240,000 basis while $2,504/mo rent supports operations. Total monthly income totals $2,504/mo and a $1,175/mo payment preserves $692/mo for cash returns. Annual cash flow comes to $8,304/yr on $79,560 deployed, and return on cash invested reaches 30.35% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 12.52%. Five-year ROI measures 160.58% and total cumulative return in cash totals $127,754.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,504/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75051, Grand Prairie, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,179 (100%) |
| Owner Occupied HU | 6,325 (48.0%) |
| Renter Occupied HU | 6,047 (45.9%) |
| Vacant Housing Units | 807 ( 6.1%) |
| Median Home Value | $228,777 |
| Average Home Value | $275,430 |
Residential
13,320
Single Family
9,857
Multi-Family
3,463
Businesses
1,218
Date | Event | Price |
|---|---|---|
| 2024-08-28 | Listed for sale | $240,000 |
| 2021-05-21 | Listing removed | N/A |
| 2021-05-07 | Listed for rent | $1,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $5243.76 | 17.13% | $227,960 | 29.67% |
| 2022-08-30 | $4477.01 | 14.03% | $175,800 | 19.01% |
| 2021-08-30 | $3926.04 | -2.71% | $147,720 | 3.21% |
Listed by: Donna Wall • Monument Realty
Mls Name: NTREIS
Mls ID: #20711229
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.
