121 Wake 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 121 Wake Dr, Richardson, TX, 75081 offers $2,050/mo rent that, after a $1,468/mo payment. Total monthly income is $2,050/mo. Return on cash invested measures 18.91% in year one, and rental yield stands at 8.2% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 98.67% and total cumulative return in cash reaches $98,124. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,050/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
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: Rene' Natali-Diebold • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20971012
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.