1058 Tea Olive LnDallasTX75212
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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 1058 Tea Olive Ln, Dallas, TX, 75212 offers $4,140/mo rent that, after a $3,402/mo payment. Total monthly income is $4,140/mo. Return on cash invested measures 15.28% in year one, and rental yield stands at 7.15% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 79.43% and total cumulative return in cash reaches $181,614. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,140/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
2,003 sqft lot
$N/A/sqft
$1,300 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75212, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,614 (100%) |
| Owner Occupied HU | 4,588 (43.2%) |
| Renter Occupied HU | 5,072 (47.8%) |
| Vacant Housing Units | 954 ( 9.0%) |
| Median Home Value | $263,214 |
| Average Home Value | $282,166 |
Housing Distribution
Address Breakdown
Residential
9,782
Single Family
6,618
Multi-Family
3,164
Businesses
915
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-29 | Price change | $695,000 |
| 2024-08-08 | Listed for sale | $700,000 |
| 2024-07-23 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $9048.42 | -30.61% | $519,420 | N/A |
| 2022-10-21 | $13039.41 | 1.55% | $519,420 | 6.71% |
| 2021-10-21 | $12840.42 | 425.90% | $486,750 | 440.83% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2020
- Architectural Style: Contemporary/Modern,Detached,Garden Home
- Building Area: N/A
- Living Area: 2,357 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Natural Gas
- Cooling: Central Air, Ceiling Fan(s), Electric
- Flooring: Carpet, Ceramic Tile, Luxury Vinyl, Luxury VinylPlank
- Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Kitchen Island, Multiple Staircases, Cable TV, Walk-In Closet(s), Wired for Sound
- Exterior Features: Awning(s), Balcony, Courtyard, Outdoor Living Area, Private Yard, Rain Gutters
- Parking Features: Garage, Garage Door Opener, Garage Faces Rear
Location
HOA & Fees
- HOA Fee: $1,300 annually
- Association Fee: $1,300 annually
- Fees & Dues: N/A
- Association Amenities: Maintenance Front Yard
- Association Fee Includes: All Facilities, Maintenance Grounds
Utilities
- Utilities: Sewer Available, Underground Utilities, Water Available, Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Lanier
- Middle School: Edison
- High School: Pinkston
Listed by: Kimberly Cocotos • Allie Beth Allman & Assoc.
Mls Name: NTREIS
Mls ID: #20652057
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.