1505 Elm St APT 301DallasTX75201
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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 301, Dallas, TX, 75201 uses $62,654 cash to close to unlock $4,501/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $1,719/mo, and a $925/mo payment keeps the spread at $375/mo. Purchase price stands at $189,000, and rental yield measures 10.91% with $1,719/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 142.65% and total cumulative return in cash records $89,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,719/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1957
10,018 sqft lot
$N/A/sqft
No 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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