1505 Elm St APT 204, Dallas, TX, 75201 | $7/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1505 Elm St APT 204, Dallas, TX, 75201 | $7/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Dallas at 1505 Elm St APT 204, Dallas, TX, 75201 earns $7/mo cash flow from $1,713/mo rent with a $1,174/mo payment. Total monthly income totals $1,713/mo, and annual cash flow totals $87/yr on $79,527 capital. ROI tracks 20.02% on current figures, and rental yield reads 8.57% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 104.68% and total cumulative return in cash sums $83,251. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,713/mo property income instead of your personal income.

Condo

Built in 1957

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

This George Dahl designed Mid-Century Modern building built in 1957 for Dallas Federal Savings was converted to condos in 2002 - the first condo project in the CBD. Enjoy City Views from 4 large windows with views of the Thompson Hotel and other neighboring buildings. Large same floor storage unit with quick access nearby. Since 2021 the $460million+ National Residences and Thompson Hotel have been located across Akard in the restored First National Bank. 1505 Amenities: 24 HR Concierge-Valet for Residents and up to 5 Guests-no tipping. Amenity floor B-1 caterer's kitchen, wine cellar, party area, piano, darts, pool table, TV. Amenity floor B-2 new Media Room seats 15 and new state of the art Fitness Center with Gym Room and Bike storage. Fifth Floor Resident-Outdoor retreat-Pool, 3 cooking pavilions with gas grills, private dog run, sitting areas. Walk to Flagship Neiman Marcus, Forty-Five Ten, restaurants, hotels, Arts District, AT&T Discovery District with 9 story Video Wall. Dart Akard Station across the street to DFW in 50 minutes, Love Field in 30 minutes, NorthPark far faster than you can drive and park, etc. The ease of a contemporary Lifestyle!

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