$249,900

242 W Cober Drive, Grand Prairie, TX 75051

4 beds |
3 baths |
1,104 sqft

Single-Family Home
Built in 1958
9,714sqft lot
—— car garage
$226/sqft
Listed 16 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: August 16, 2026 at 12:27PM
Listing Office:: Blue Atlas Realty : 682-323-0016
Listing Agent:: Neven Price :
Contact:: 682-323-0016
MLS ID:: 21345521

General: Decorative/Designer Lighting FixturesEat-in KitchenHigh Speed InternetIn-Law FloorplanCable TV
Appliances: DishwasherDisposalGas Range
Flooring: CarpetCombinationCeramic TileHardwoodTileVinyl
Fireplace: Fireplaces: 0

Style: RanchDetached
Pool: None
Parking: Additional ParkingAlley AccessCarport

Roofing: Composition
General: Brick1Slab

Originating MLS: NTR
School District: Grand Prairie ISD
County: Dallas

Zoning: INGLEWOOD TERRACE BLK 1/1012 LOT 328098500120030000

Utilities: Sewer AvailableWater AvailableCable Available
Water: Public
Sewer: Public Sewer

Source: NTR

This listing courtesy of Neven Price , Blue Atlas Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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