15783 Spectrum Dr #169AddisonTX75001
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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 Addison at 15783 Spectrum Dr #169, Addison, TX, 75001 listed at $570,000 pairs $3,547/mo rent with a $2,790/mo payment. Total monthly income runs $3,547/mo. Return on cash invested measures 16.82% in year one, and rental yield registers 7.47% at a $570,000 basis. Equity gained on principal adds $3,678/yr, and annual property appreciation at 5% supports $157,480 by year five. Five-year ROI tracks 87.47% and total cumulative return in cash totals $164,029. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,547/mo property income relative to a $2,790/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
6.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75001, Addison, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,386 (100%) |
| Owner Occupied HU | 1,729 (15.2%) |
| Renter Occupied HU | 8,698 (76.4%) |
| Vacant Housing Units | 959 ( 8.4%) |
| Median Home Value | $435,573 |
| Average Home Value | $459,089 |
Housing Distribution
Address Breakdown
Residential
11,354
Single Family
1,820
Multi-Family
9,534
Businesses
2,198
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