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$249,900

242 Cober Dr

Grand Prairie, TX
Active
4
Bedrooms
3
Bathrooms
0.22
Lot Size (acres)
1958
Year Built
49
Days On Market

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.

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Listing Information

Listing Updated
07/31/2026
Listed By
Neven Price, 8174370403 · Blue Atlas Realty, 6823230016
MLS#
21345521
Source
North Texas Real Estate Information Systems (NTREIS)
Status
Active

Facts & Features

Location

Community Information

Address
242 W Cober Dr, Grand Prairie, TX 75051
City
Grand Prairie
County
Dallas
Neighborhood
Inglewood Terrace
Zip Code
75051

Architecture

Bedrooms
4
Bathrooms
3
Year Built
1958
Style
Ranch
Construction Materials
Brick
Foundation
Slab
Roof
Composition
Levels
One
Garage Spaces
0
Parking Features
Carport, Additional Parking, Alley Access

Features & Amenities

Interior Features
High Speed Internet, Eat-in Kitchen, In-Law Floorplan
Appliances
Dishwasher, Disposal, Gas Range
Flooring
Tile, Vinyl, Carpet, Ceramic Tile, Wood, Combination

Property Features

Lot Size
0.22 Acres
Water
Public
Sewer
Public Sewer
Utilities
Cable Available

Square Footage

Total
1,104 sq. ft.

Tax & Financial Information

List Price
$249,900
Annual Taxes
$7,573

Schools

100/100
Hobbs Williams Elementary
Elementary · Grades KG–05 · 1.2 mi
City
Grand Prairie
Students
613
Parent reviews
1.0★ avg · 1 review
Student body
67% Hispanic / Latino · 19% Black · 10% White
Free/reduced lunch
81%
Phone
(972) 522-2700
100/100
James Bowie Fine Arts Academy
Elementary · Grades PK–05 · 1.4 mi
City
Grand Prairie
Students
440
Student body
83% Hispanic / Latino · 8% White · 6% Black
Free/reduced lunch
91%
Phone
(972) 262-7348
98/100
Ywla At Bill Arnold
High · Grades 06–12 · 1.1 mi
City
Grand Prairie
Students
1,104
Student body
75% Hispanic / Latino · 14% Black · 7% White
Free/reduced lunch
80%
Phone
(972) 343-7400
74/100
Thurgood Marshall Leadership Academy
Elementary · Grades PK–05 · 1.4 mi
City
Grand Prairie
Students
625
Parent reviews
5.0★ avg · 1 review
Student body
60% Hispanic / Latino · 20% Black · 10% White
Free/reduced lunch
67%
Phone
(972) 522-7200
63/100
Juan N Seguin Elementary
Elementary · Grades KG–05 · 0.7 mi
City
Grand Prairie
Students
412
Parent reviews
4.0★ avg · 1 review
Student body
78% Hispanic / Latino · 10% White · 10% Black
Free/reduced lunch
87%
Phone
(972) 522-7100
59/100
South Grand Prairie High School
High · Grades 09–12 · 1.5 mi
City
Grand Prairie
Students
3,335
Parent reviews
3.0★ avg · 1 review
Student body
56% Hispanic / Latino · 24% Black · 11% White
Free/reduced lunch
62%
Phone
(972) 343-1500
56/100
School For The Highly Gifted
Elementary · Grades 01–08 · 1.5 mi
City
Grand Prairie
Students
149
Student body
28% White · 26% Black · 24% Hispanic / Latino
Free/reduced lunch
30%
Phone
(972) 343-7864
56/100
David Crockett 5th Grade Center
Grades M–M · 1.5 mi
City
Grand Prairie
Students
504
Student body
83% Hispanic / Latino · 11% Black · 5% White
Free/reduced lunch
88%
Phone
(972) 262-5353

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
07/30/2026Listed for sale$249,900

Listed by Neven Price · Blue Atlas Realty · 6823230016

Listing information provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: July 31, 2026 at 1:16 AM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21345521

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