709 Lee St APT 4MesquiteTX75149
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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
Rental property for sale in Mesquite at 709 Lee St APT 4, Mesquite, TX, 75149 generates $1,129/mo in rent and, after a $734/mo payment, leaves $63/mo in cash flow. Total monthly income is $1,129/mo, and annual cash flow is $753/yr on $49,692 invested. Return on cash invested sits at 21.42% in year one, and rental yield is 9.04% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 112.22% and total cumulative return in cash sums $55,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,129/mo property income rather than buyer’s personal income.
Townhouse
Built in 1983
3.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75149, Mesquite, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,884 (100%) |
| Owner Occupied HU | 12,401 (59.4%) |
| Renter Occupied HU | 7,575 (36.3%) |
| Vacant Housing Units | 908 ( 4.3%) |
| Median Home Value | $264,734 |
| Average Home Value | $329,289 |
Housing Distribution
Address Breakdown
Residential
20,244
Single Family
17,707
Multi-Family
2,537
Businesses
1,156
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