702 Fouts DrIrvingTX75061
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
20,127
Single Family
11,246
Multi-Family
8,881
Businesses
1,864
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