242 W Cober Drive

Turnkey Investment Opportunity – Tenant in Place Through 04.28.2027! This cash-flowing rental is an excellent addition to any investment portfolio, currently leased at $2,150 per month with a Gross Rent Multiplier (GRM) of approximately 9.69. Enjoy immediate rental income with an established tenant already in place, eliminating vacancy and lease-up costs. This well-maintained 4-bedroom, 3-bath home offers features that continue to attract and retain quality tenants. The updated kitchen and bathrooms include stainless steel appliances, including a refrigerator, range, and dishwasher, while a full-size washer and dryer are also included for added tenant convenience. The spacious primary suite features a private ensuite bath and built-in wardrobes, with generous secondary bedrooms providing flexibility for families or roommates. Outside, the property offers a covered carport, fully fenced backyard, inviting front porch, and ample guest parking. Conveniently located with easy access to major highways, shopping, dining, and employment centers, this property is positioned in a strong rental market. Whether you're expanding your portfolio or completing a 1031 exchange, this is a true turnkey, income-producing investment with stable cash flow from day one.

Courtesy of Blue Atlas Realty — listing agent Neven Price
Contact the listing firm: 682-323-0016 · joeguillot1@gmail.com

Home facts

Overview

Price

$249,900

Price per sq ft

$226

Status

Active

Property type

Single Family Residence

Year built

1958

Style

Ranch, Detached

Stories

1

Levels

One

Days on market

0

Bedrooms & bathrooms

Bedrooms

4

Full bathrooms

3

Living area

1,104 sq ft

Interior

Features

Decorative Designer Lighting Fixtures, Eat In Kitchen, High Speed Internet, In Law Floorplan, Cable Tv

Appliances

Dishwasher, Disposal, Gas Range

Flooring

Carpet, Combination, Ceramic Tile, Hardwood, Tile, Vinyl

Exterior & lot

Lot size

0.223 acres · 9,713.88 sq ft

Roof

Composition

Foundation

Slab

Construction

Brick

Parking

Carport spaces

2

Parking

Additional Parking, Alley Access, Carport

HOA & taxes

HOA

No

Annual property tax (per MLS)

$7,573

Utilities & efficiency

Utilities

Sewer Available, Water Available, Cable Available

Water

Public

Sewer

Public Sewer

Take the virtual tour

Facts are from the listing on the NTREIS MLS, shown as provided. Verify anything important to you.

Assigned schools

• ElementarySeguinGrand Prairie ISDRatings on GreatSchools
• MiddleFanninGrand Prairie ISDRatings on GreatSchools
• HighSouth Grand PrairieGrand Prairie ISDRatings on GreatSchools

School assignments come from the MLS and can change, so confirm them with the district. For school ratings and accountability reports, see GreatSchools.org and TXschools.gov (Texas Education Agency). Information provided for general reference; buyers should independently verify schools, districts, and community details.

Neighborhood & nearby

Inglewood Terrace subdivision · Grand Prairie, TX 75051 · Dallas County

Parks

• Jennifer McFalls Park 0.7 mi
• Jennifer McFalls Park East 0.7 mi
• Colgate Street Park 1.0 mi
• Valley Park 1.1 mi

Dining

• Mi Casa Café 0.2 mi
• Los Lupes Mexican Restaurant 0.5 mi
• Cicis 0.6 mi
• Wingstop 0.7 mi

Groceries & shopping

• La Michoacana Meat Market 0.5 mi
• ALDI 0.6 mi
• Kroger 0.7 mi
• Saver's Cost Plus 0.7 mi

Fitness & recreation

• Planet Fitness 0.6 mi

Straight-line distances. Places data © OpenStreetMap contributors. Information provided for general reference; buyers should independently verify schools, districts, and community details.