1104 W Lookout DrRichardsonTX75080
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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
Investment property for sale in Richardson at 1104 W Lookout Dr, Richardson, TX, 75080 offers a 8.66% rental yield on a $715,000 purchase with $5,158/mo rent. Total monthly income registers $5,158/mo, and a $3,500/mo payment leaves $73/mo available for distribution. Annual cash flow reaches $877/yr on $235,235 to close, and return on cash invested stands at 20.43% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 106.86% and total cumulative return in cash at $251,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,158/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Housing Distribution
Address Breakdown
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
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Listed by: Julee Williams • Keller Williams Frisco Stars
Mls Name: NTREIS
Mls ID: #21117768