1505 Elm St APT 1503DallasTX75201
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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 1505 Elm St APT 1503, Dallas, TX, 75201 listed at $394,500 pairs $4,645/mo rent with a $1,931/mo payment. Total monthly income runs $4,645/mo. Return on cash invested measures 18.61% in year one, and rental yield registers 14.13% at a $394,500 basis. Equity gained on principal adds $2,546/yr, and annual property appreciation at 5% supports $108,993 by year five. Five-year ROI tracks 103.69% and total cumulative return in cash totals $135,605. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,645/mo property income relative to a $1,931/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1957
10,018 sqft lot
$N/A/sqft
$1,828 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75201, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,347 (100%) |
| Owner Occupied HU | 1,097 ( 7.6%) |
| Renter Occupied HU | 10,921 (76.1%) |
| Vacant Housing Units | 2,329 (16.2%) |
| Median Home Value | $775,794 |
| Average Home Value | $999,701 |
Housing Distribution
Address Breakdown
Residential
14,564
Single Family
521
Multi-Family
14,043
Businesses
2,097
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Listed by: Carmen Dipenti • Compass RE Texas, LLC.
Mls Name: NTREIS
Mls ID: #20755252
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.