1404 Andover LnRichardsonTX75082
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
Investment Highlights
Rental property for sale in Richardson at 1404 Andover Ln, Richardson, TX, 75082 offers $6,774/mo rent that, after a $3,548/mo payment, leaves $1,619/mo cash flow. Total monthly income is $6,774/mo, and annual cash flow is $19,430/yr on $238,492 cash. Return on cash invested measures 28.21% in year one, and rental yield stands at 11.21% at a $724,900 entry. Equity gained on principal adds $4,678/yr while 5% annual appreciation compounds into $200,277 by year five. Five-year ROI records 148.53% and total cumulative return in cash reaches $354,237. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,774/mo property income versus a $3,548/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75082, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,968 (100%) |
| Owner Occupied HU | 5,790 (41.5%) |
| Renter Occupied HU | 7,126 (51.0%) |
| Vacant Housing Units | 1,052 ( 7.5%) |
| Median Home Value | $527,081 |
| Average Home Value | $582,306 |
Housing Distribution
Address Breakdown
Residential
12,879
Single Family
6,313
Multi-Family
6,566
Businesses
543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Hudson • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20675944
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.