12480 Abrams Rd APT 705DallasTX75243
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 12480 Abrams Rd APT 705, Dallas, TX, 75243 in Dallas achieves 1.70, rent of $979/mo covers the $576/mo payment 1.5x over at $128,000. Rental yield 9.18%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $35,364 over five years, with $1,179/yr in principal reduction bringing total projected return to $39,380.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.5% |
| Monthly Cash Flow | $(166) | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $979 |
| Total Monthly Debt Service | $1,094 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
17.99 Acres lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75243, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,822 (100%) |
| Owner Occupied HU | 6,966 (24.2%) |
| Renter Occupied HU | 18,726 (65.0%) |
| Vacant Housing Units | 3,130 (10.9%) |
| Median Home Value | $406,000 |
| Average Home Value | $459,045 |
Housing Distribution
Address Breakdown
Residential
28,794
Single Family
8,468
Multi-Family
20,326
Businesses
2,250
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1982
17.99 Acres lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75243, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,822 (100%) |
| Owner Occupied HU | 6,966 (24.2%) |
| Renter Occupied HU | 18,726 (65.0%) |
| Vacant Housing Units | 3,130 (10.9%) |
| Median Home Value | $406,000 |
| Average Home Value | $459,045 |
Housing Distribution
Address Breakdown
Residential
28,794
Single Family
8,468
Multi-Family
20,326
Businesses
2,250
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jovanna Salinas • OnDemand Realty
Mls Name: NTREIS
Mls ID: #20969659
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.