1214 Colfax Dr, Richardson, TX, 75080 | 7.8% Rental Yield

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1214 Colfax Dr, Richardson, TX, 75080 | 7.8% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Richardson at 1214 Colfax Dr, Richardson, TX, 75080 offers a 7.8% rental yield on a $479,000 purchase with $3,114/mo rent. 7% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 92.25% and total cumulative return in cash at $146,475. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,114/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1959

8,624 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside this fully reimagined Richardson gem, taken down to the studs and redesigned for modern living. Featuring 3 bedrooms, 3 full baths, and a sparkling pool, every inch was rebuilt for efficiency and comfort: new PVC drain lines & PEX water supply lines, new roof, full Rockwool exterior insulation, Rockwool SafenSound interior insulation, complete attic re-insulation, new vinyl windows provides lots of natural sun light, all-new interior and exterior doors, and a tankless water heater. The open-concept layout showcases a custom media wall with built-in space for an electric fireplace, and a spacious primary suite with dual shower and walk-in closet. A third full bathroom, conveniently located just off the main living area, includes direct outdoor access to the pool perfect as a wet room for pool time and house guests. Outside, enjoy low maintenance luxury with Trex decking, artificial turf, and a private fenced yard with hidden enclosed storage, your own backyard oasis. The pool has been replastered, with updated pump motor, filter system, heater control panel and irrigation system complemented by lush Zoysia grass. The covered carport offers flexible use for a gym, workshop, or potential 400 sq. ft. pool house-ADU. Located minutes from UT Dallas, CityLine, major employers, and within walking distance to Cottonwood Park and Richardson High School. This home delivers the perfect blend of modern design, function, and outdoor enjoyment in a prime central DFW location.

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