702 Fouts Dr, Irving, TX, 75061 | $556/mo Cash Flow

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702 Fouts Dr, Irving, TX, 75061 | $556/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Irving at 702 Fouts Dr, Irving, TX, 75061 with 5% annual appreciation on a $267,500 basis while $2,458/mo rent supports operations. Total monthly income totals $2,458/mo and a $1,309/mo payment preserves $556/mo for cash returns. Annual cash flow comes to $6,672/yr on $88,676 deployed, and return on cash invested reaches 27.43% in year one. Equity gained on principal adds $1,726/yr, and five-year appreciation sums $73,905 alongside rental yield of 11.03%. Five-year ROI measures 144.45% and total cumulative return in cash totals $128,096.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,458/mo property income versus a $1,309/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1964

8,624 sqft lot

$N/A/sqft

No HOA

More details about the property

First Time on Market! This single owner home in Irving, Texas is ready for the next chapter. Three bedrooms, two full bathrooms, and an open concept makes this an ideal home for first time home buyers, those looking to downsize, or first-time investors. The fireplace, kitchen, and original light pink bathroom tile accentuates the homes' character. With no carpet, you can enjoy a low maintenance lifestyle. Newer shed in the back adds storage to fit whatever your needs may be. Schedule a showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 75061, Irving, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,151 (100%)
Owner Occupied HU	7,404 (36.7%)
Renter Occupied HU	11,654 (57.8%)
Vacant Housing Units	1,093 ( 5.4%)
Median Home Value	$298,564
Average Home Value	$319,555