1505 N Garrett Ave UNIT 102DallasTX75206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 N Garrett Ave UNIT 102, Dallas, TX, 75206 offers a 10.58% rental yield on a $425,000 purchase with $3,748/mo rent. Total monthly income registers $3,748/mo, and a $2,080/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,959/yr on $140,888 to close, and return on cash invested stands at 22.72% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 120.33% and total cumulative return in cash at $169,529. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,748/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2020
0.27 Acres lot
$N/A/sqft
$396 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75206, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,812 (100%) |
| Owner Occupied HU | 6,198 (22.3%) |
| Renter Occupied HU | 18,974 (68.2%) |
| Vacant Housing Units | 2,640 ( 9.5%) |
| Median Home Value | $612,487 |
| Average Home Value | $657,273 |
Housing Distribution
Address Breakdown
Residential
27,427
Single Family
8,392
Multi-Family
19,035
Businesses
1,854
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerry Cameron • Briggs Freeman Sotheby's Int'l
Mls Name: NTREIS
Mls ID: #20957938
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.