617 Ouida DrGrand PrairieTX75051
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 617 Ouida Dr, Grand Prairie, TX, 75051 uses $81,218 cash to close to unlock $935/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,820/mo, and a $1,199/mo payment keeps the spread at $78/mo. Purchase price stands at $245,000, and rental yield measures 8.91% with $1,820/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 110.22% and total cumulative return in cash records $89,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,820/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1948
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75051, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
9,857
Multi-Family
3,463
Businesses
1,218
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trish Abramson • JPAR North Metro
Mls Name: NTREIS
Mls ID: #21150229