1506 Spring Hill Dr #ILVPLCedar HillTX75104
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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
Rental property for sale in Cedar Hill at 1506 Spring Hill Dr #ILVPL, Cedar Hill, TX, 75104 offers $3,872/mo rent that, after a $2,402/mo payment, leaves $382/mo cash flow. Total monthly income is $3,872/mo, and annual cash flow is $4,587/yr on $162,667 cash. Return on cash invested measures 22.73% in year one, and rental yield stands at 9.47% at a $490,700 entry. Equity gained on principal adds $3,166/yr while 5% annual appreciation compounds into $135,571 by year five. Five-year ROI records 119.19% and total cumulative return in cash reaches $193,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,872/mo property income versus a $2,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75104, Cedar Hill, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 12,039 (66.5%) |
| Renter Occupied HU | 5,419 (30.0%) |
| Vacant Housing Units | 635 ( 3.5%) |
| Median Home Value | $328,501 |
| Average Home Value | $403,171 |
Housing Distribution
Address Breakdown
Residential
18,377
Single Family
16,136
Multi-Family
2,241
Businesses
970
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Listed by: N/A • N/A
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