1503 Springtree CirRichardsonTX75082
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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 Richardson at 1503 Springtree Cir, Richardson, TX, 75082 uses $160,778 cash to close to unlock $23,207/yr annual cash flow and $1,934/mo monthly cash flow. Total monthly income runs $5,383/mo, and a $2,374/mo payment keeps the spread at $1,934/mo. Purchase price stands at $485,000, and rental yield measures 13.32% with $5,383/mo rent. Return on cash invested shows 34.34% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 181.44% and total cumulative return in cash records $291,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,383/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1978
9,713 sqft 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
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Listed by: Steven Lam • Tiffany Realty LLC
Mls Name: NTREIS
Mls ID: #20682101
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.