12818 Midway Rd APT 2078DallasTX75244
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 12818 Midway Rd APT 2078, Dallas, TX, 75244 in Dallas deserves attention. This $118,000 property earns $1,452/mo in rent, a 14.52% gross yield, and nets $599/mo after the $531/mo payment. DSCR 2.73 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $32,601 compounds alongside $1,087/yr in yearly equity build, for a total cumulative return of $84,660.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.5% | 6.5% |
| Monthly Cash Flow | $599 | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,452 |
| Total Monthly Debt Service | $792 |
| DSCR Ratio | 1.83x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices