12816 Midway Rd APT 2049DallasTX75244
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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 Dallas at 12816 Midway Rd APT 2049, Dallas, TX, 75244 generates $1,195/mo in rent and, after a $734/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,195/mo, and annual cash flow is $1,542/yr on $49,725 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 9.56% on a $149,999 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 120.72% and total cumulative return in cash sums $60,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,195/mo property income rather than buyer’s personal income.
Condo
Built in 1970
7.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75244, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,534 (100%) |
| Owner Occupied HU | 2,899 (38.5%) |
| Renter Occupied HU | 3,485 (46.3%) |
| Vacant Housing Units | 1,150 (15.3%) |
| Median Home Value | $594,421 |
| Average Home Value | $642,286 |
Housing Distribution
Address Breakdown
Residential
6,683
Single Family
3,271
Multi-Family
3,412
Businesses
1,715
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