About This Home

This 4-bedroom, 3-bathroom single family at 242 W Cober Drive in Grand Prairie, TX is listed for $239,000 ($216 per sqft). Built in 1958, the home offers 1,104 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1958
  • 0.22 acre lot

Property Details

1 story
3 full
1958

Amenities

Hardwood
Listing 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.

Monthly Cost Estimate

$1,278/mo

20% down · 6.5% · 30 years

Principal$173
Interest$1,036
Insurance$70

Estimates only. Actual payments may vary.

Location

242 W Cober Drive

Grand Prairie, TX 75051

Inglewood Terrace

Features & Amenities

Interior Features

DecorativeDesignerLightingFixturesEatInKitchenHighSpeedInternetInLawFloorplanCableTv

Property Details

Flooring

CombinationVinylHardwoodCarpetTile

Construction

Brick

Parking

CarportAlley

Appliances

DishwasherDisposalGasRange

Questions & Answers

This 4-bedroom, 3-bathroom single family at 242 W Cober Drive is listed at $239,000 ($216/sqft). The estimated monthly payment is $1,279 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1958, 0.22 acre lot. Interior Features: DecorativeDesignerLightingFixtures, EatInKitchen, HighSpeedInternet.

This property is listed by Neven Price.

NP

Neven Price

Agent at Blue Atlas Realty

Listed by Blue Atlas Realty · Broker phone: (281) 636-7536 · View on Broker Site

MLS# 21345521· Source: North Texas Real Estate Information Systems, Inc.· 4 days on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

242 W Cober Drive, Grand Prairie, TX 75051

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