1307 Palm Springs LnDallasTX75204
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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 1307 Palm Springs Ln, Dallas, TX, 75204 offers a 12.78% rental yield on a $516,900 purchase with $5,503/mo rent. Total monthly income registers $5,503/mo, and a $2,530/mo payment leaves $1,683/mo available for distribution. Annual cash flow reaches $20,198/yr on $170,060 to close, and return on cash invested stands at 31.94% in year one. Equity gained on principal adds $3,335/yr while 5% annual appreciation supports $142,810 over five years. Portfolio math shows five-year ROI at 168.92% and total cumulative return in cash at $287,266. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,503/mo property income against a $2,530/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2015
1,176 sqft lot
$N/A/sqft
$144 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75204, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,712 (100%) |
| Owner Occupied HU | 4,057 (15.2%) |
| Renter Occupied HU | 19,903 (74.5%) |
| Vacant Housing Units | 2,752 (10.3%) |
| Median Home Value | $498,932 |
| Average Home Value | $566,321 |
Housing Distribution
Address Breakdown
Residential
25,882
Single Family
3,973
Multi-Family
21,909
Businesses
1,252
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Listed by: Ranesa Bodine • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20626048
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.