13900 Noel Rd UNIT 401DallasTX75240
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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 13900 Noel Rd UNIT 401, Dallas, TX, 75240 generates $2,578/mo in rent, after a $2,338/mo payment. Total monthly income is $2,578/mo. Return on cash invested sits at 13.65% in year one, and rental yield is 6.48% on a $477,700 entry. Equity gained on principal adds $3,083/yr, while 5% annual appreciation builds toward $131,980 over five years. Five-year ROI reaches 70.49% and total cumulative return in cash sums $111,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,578/mo property income rather than buyer’s personal income.
Condo
Built in 2022
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75240, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,532 (100%) |
| Owner Occupied HU | 2,391 (16.5%) |
| Renter Occupied HU | 10,786 (74.2%) |
| Vacant Housing Units | 1,355 ( 9.3%) |
| Median Home Value | $459,306 |
| Average Home Value | $604,977 |
Housing Distribution
Address Breakdown
Residential
12,400
Single Family
3,369
Multi-Family
9,031
Businesses
1,576
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