916 Shere LnIrvingTX75060
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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 Irving at 916 Shere Ln, Irving, TX, 75060 priced at $316,500 converts $3,880/mo rent into $1,629/mo cash flow after a $1,549/mo obligation. Total monthly income equals $3,880/mo, and annual cash flow totals $19,553/yr on $104,920 invested. Return on cash invested prints 38.55% in year one, and rental yield reads 14.71% against a $316,500 entry. Equity gained on principal adds $2,042/yr, while 5% annual appreciation compiles into $87,443 by year five. Five-year ROI reaches 204% and total cumulative return in cash sums $214,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,880/mo property income covering a $1,549/mo payment, not borrower’s personal income.
Single Family
Built in 1969
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75060, Irving, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,299 (100%) |
| Owner Occupied HU | 9,132 (59.7%) |
| Renter Occupied HU | 5,541 (36.2%) |
| Vacant Housing Units | 626 ( 4.1%) |
| Median Home Value | $289,343 |
| Average Home Value | $365,158 |
Housing Distribution
Address Breakdown
Residential
15,375
Single Family
12,945
Multi-Family
2,430
Businesses
948
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Listed by: Ryan Phillips • Local Realty Agency
Mls Name: NTREIS
Mls ID: #20552484
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.