1223 Serenade LnDallasTX75241
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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
Investment property for sale in Dallas at 1223 Serenade Ln, Dallas, TX, 75241 uses $104,058 cash to close to unlock $10,563/yr annual cash flow and $880/mo monthly cash flow. Total monthly income runs $3,156/mo, and a $1,536/mo payment keeps the spread at $880/mo. Purchase price stands at $313,900, and rental yield measures 12.06% with $3,156/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $86,725 over five years. Five-year ROI reaches 158.7% and total cumulative return in cash records $165,140. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,156/mo property income covering a $1,536/mo payment rather than investor’s personal income.
Single Family
Built in 1961
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75241, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,602 (100%) |
| Owner Occupied HU | 6,357 (54.8%) |
| Renter Occupied HU | 4,407 (38.0%) |
| Vacant Housing Units | 838 ( 7.2%) |
| Median Home Value | $215,762 |
| Average Home Value | $264,367 |
Housing Distribution
Address Breakdown
Residential
11,014
Single Family
9,481
Multi-Family
1,533
Businesses
536
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Listed by: Sylvanus Ekpo • New Home Sales Center
Mls Name: NTREIS
Mls ID: #20668619
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.