616 NE 31st StGrand 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
Investment property for sale in Grand Prairie at 616 NE 31st St, Grand Prairie, TX, 75050 earns $14/mo cash flow from $2,140/mo rent with a $1,463/mo payment. Total monthly income totals $2,140/mo, and annual cash flow totals $171/yr on $99,119 capital. ROI tracks 20.08% on current figures, and rental yield reads 8.59% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 105.01% and total cumulative return in cash sums $104,086. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,140/mo property income instead of your personal income.
Single Family
Built in 1990
0.27 Acres lot
$N/A/sqft
No 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: Cindy Herbert • WILLIAM DAVIS REALTY
Mls Name: NTREIS
Mls ID: #21077426