647 Lake Point DrIrvingTX75039
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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 Irving at 647 Lake Point Dr, Irving, TX, 75039 earns from $5,774/mo rent with a $8,076/mo payment. Total monthly income totals $5,774/mo. ROI tracks 6.31% on current figures, and rental yield reads 4.2% at a $1,650,000 purchase. Equity gained on principal adds $10,647/yr, and 5% annual appreciation supports $455,865 over five years. Five-year ROI reaches 31.31% and total cumulative return in cash sums $167,369. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,774/mo property income instead of your personal income.
Single Family
Built in 2009
0.29 Acres lot
$N/A/sqft
$304 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75039, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,581 (100%) |
| Owner Occupied HU | 2,577 (15.5%) |
| Renter Occupied HU | 11,702 (70.6%) |
| Vacant Housing Units | 2,302 (13.9%) |
| Median Home Value | $572,425 |
| Average Home Value | $610,090 |
Housing Distribution
Address Breakdown
Residential
15,244
Single Family
2,781
Multi-Family
12,463
Businesses
782
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Listed by: Julie Rado • Compass RE Texas, LLC.
Mls Name: NTREIS
Mls ID: #20635506
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.