15875 Spectrum Dr #1106AddisonTX75001
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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 Addison at 15875 Spectrum Dr #1106, Addison, TX, 75001 generates $2,214/mo in rent, after a $2,407/mo payment. Total monthly income is $2,214/mo. Return on cash invested sits at 10.46% in year one, and rental yield is 5.4% on a $491,800 entry. Equity gained on principal adds $3,174/yr, while 5% annual appreciation builds toward $135,875 over five years. Five-year ROI reaches 53.4% and total cumulative return in cash sums $87,061. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Condo
Built in 2018
1.53 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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