1505 Elm St APT 303, Dallas, TX, 75201 | $2/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1505 Elm St APT 303, Dallas, TX, 75201 | $2/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

Rental property for sale in Dallas at 1505 Elm St APT 303, Dallas, TX, 75201 generates $1,850/mo in rent and, after a $1,272/mo payment, leaves $2/mo in cash flow. Total monthly income is $1,850/mo, and annual cash flow is $23/yr on $86,157 invested. Return on cash invested sits at 19.94% in year one, and rental yield is 8.54% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 104.19% and total cumulative return in cash sums $89,770. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,850/mo property income rather than buyer’s personal income.

Condo

Built in 1957

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

DOWNTOWN LUXURY CORNER UNIT on 3rd Floor has 9 corner windows with Downtown City Views at Elm & Akard in the heart of Downtown. Look out your corner window down Akard and see the 9 story Video Wall at The AT&T Discovery District. Professionally updated with a Contemporary feel. 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. 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 with ROKU seats 15 and new state of the art Fitness Center with Gym Room and nearby 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 with a Flying Red Horse as your neighbor!!

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