1214 Cherokee 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
Rental property for sale in Richardson at 1214 Cherokee Dr, Richardson, TX, 75080 offers $4,650/mo rent that, after a $4,992/mo payment. Total monthly income is $4,650/mo. Return on cash invested measures 10.92% in year one, and rental yield stands at 5.47% at a $1,019,900 entry. Equity gained on principal adds $6,581/yr while 5% annual appreciation compounds into $281,780 by year five. Five-year ROI records 55.78% and total cumulative return in cash reaches $184,319. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,650/mo property income versus a $4,992/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.28 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: Natalie Martin • Call It Closed International, Inc.
Mls Name: NTREIS
Mls ID: #20913086
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.