1109 E Berkeley DrRichardsonTX75081
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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 Richardson at 1109 E Berkeley Dr, Richardson, TX, 75081 generates $3,054/mo in rent, after a $2,385/mo payment. Total monthly income is $3,054/mo. Return on cash invested sits at 16.85% in year one, and rental yield is 7.52% on a $487,300 entry. Equity gained on principal adds $3,144/yr, while 5% annual appreciation builds toward $134,632 over five years. Five-year ROI reaches 87.67% and total cumulative return in cash sums $141,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
9,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75081, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,782 (100%) |
| Owner Occupied HU | 7,816 (49.5%) |
| Renter Occupied HU | 6,690 (42.4%) |
| Vacant Housing Units | 1,276 ( 8.1%) |
| Median Home Value | $359,679 |
| Average Home Value | $382,812 |
Housing Distribution
Address Breakdown
Residential
15,596
Single Family
10,146
Multi-Family
5,450
Businesses
2,458
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Listed by: Edgar Corona • Lugary, LLC
Mls Name: NTREIS
Mls ID: #21114081