720 NW 6th StGrand PrairieTX75050
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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 Grand Prairie at 720 NW 6th St, Grand Prairie, TX, 75050 uses $66,300 cash to close to unlock $8/yr annual cash flow and $1/mo monthly cash flow. Total monthly income runs $1,423/mo, and a $979/mo payment keeps the spread at $1/mo. Purchase price stands at $200,000, and rental yield measures 8.54% with $1,423/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 104.14% and total cumulative return in cash records $69,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75050, Grand Prairie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,050 (100%) |
| Owner Occupied HU | 6,451 (37.8%) |
| Renter Occupied HU | 9,581 (56.2%) |
| Vacant Housing Units | 1,018 ( 6.0%) |
| Median Home Value | $273,457 |
| Average Home Value | $344,662 |
Housing Distribution
Address Breakdown
Residential
16,569
Single Family
9,012
Multi-Family
7,557
Businesses
2,073
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Listed by: Stephanie Deeds • Point Realty
Mls Name: NTREIS
Mls ID: #21051530