721 Lee St APT 7MesquiteTX75149
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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 Mesquite at 721 Lee St APT 7, Mesquite, TX, 75149 earns $186/mo cash flow from $1,612/mo rent with a $792/mo payment. Total monthly income totals $1,612/mo, and annual cash flow totals $2,230/yr on $53,643 capital. ROI tracks 24.07% on current figures, and rental yield reads 11.95% at a $161,820 purchase. Equity gained on principal adds $1,044/yr, and 5% annual appreciation supports $44,708 over five years. Five-year ROI reaches 128.58% and total cumulative return in cash sums $68,973. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,612/mo property income instead of your personal income.
Condo
Built in 1983
3.67 Acres lot
$N/A/sqft
$249 monthly 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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