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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Dallas at 1119 W Illinois Ave, Dallas, TX, 75224 offers $2,100/mo rent that, after a $1,175/mo payment, leaves $393/mo cash flow. Total monthly income is $2,100/mo, and annual cash flow is $4,716/yr on $79,560 cash. Return on cash invested measures 25.84% in year one, and rental yield stands at 10.5% at a $239,999 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,307 by year five. Five-year ROI records 135.84% and total cumulative return in cash reaches $108,074. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75224, Dallas, TX area.
| 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 |
Residential
11,196
Single Family
7,662
Multi-Family
3,534
Businesses
604
Date | Event | Price |
|---|---|---|
| 2024-11-26 | Listed for sale | $239,999 |
| 2024-08-27 | Listing removed | N/A |
| 2024-08-14 | Price change | $199,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $79.94 | 75.92% | $269,630 | 41.84% |
| 2023-12-27 | $45.44 | -60.33% | $190,090 | N/A |
| 2022-12-27 | $114.54 | 27.44% | $190,090 | 27.87% |
Listed by: Alex Khalil • New Era TX Realty LLC
Mls Name: NTREIS
Mls ID: #20785920
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.
