1032 Hoke Smith DrDallasTX75224
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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 Dallas at 1032 Hoke Smith Dr, Dallas, TX, 75224 generates $2,896/mo in rent and, after a $1,517/mo payment, leaves $692/mo in cash flow. Total monthly income is $2,896/mo, and annual cash flow is $8,302/yr on $102,765 invested. Return on cash invested sits at 27.99% in year one, and rental yield is 11.21% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 147.36% and total cumulative return in cash sums $151,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75224, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,176 (100%) |
| Owner Occupied HU | 5,318 (47.6%) |
| Renter Occupied HU | 4,940 (44.2%) |
| Vacant Housing Units | 918 ( 8.2%) |
| Median Home Value | $297,919 |
| Average Home Value | $334,135 |
Housing Distribution
Address Breakdown
Residential
11,196
Single Family
7,662
Multi-Family
3,534
Businesses
604
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