1612 Grigsby Ave #101DallasTX75204
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.65, 1612 Grigsby Ave #101, Dallas, TX, 75204 in Dallas sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.88%. The 8.88% yield is backed by 5% annual appreciation projecting $165,493 in value gain, plus $5,517/yr in principal reduction. Total projected cumulative return: $217,120.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.5% |
| Monthly Cash Flow | $(221) | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,434 |
| Total Monthly Debt Service | $4,416 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
0.50 Acres lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75204, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,712 (100%) |
| Owner Occupied HU | 4,057 (15.2%) |
| Renter Occupied HU | 19,903 (74.5%) |
| Vacant Housing Units | 2,752 (10.3%) |
| Median Home Value | $498,932 |
| Average Home Value | $566,321 |
Housing Distribution
Address Breakdown
Residential
25,882
Single Family
3,973
Multi-Family
21,909
Businesses
1,252
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
Condo
Built in 2023
0.50 Acres lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75204, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,712 (100%) |
| Owner Occupied HU | 4,057 (15.2%) |
| Renter Occupied HU | 19,903 (74.5%) |
| Vacant Housing Units | 2,752 (10.3%) |
| Median Home Value | $498,932 |
| Average Home Value | $566,321 |
Housing Distribution
Address Breakdown
Residential
25,882
Single Family
3,973
Multi-Family
21,909
Businesses
1,252
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole O'neill • David Ivy Group, LLC.
Mls Name: NTREIS
Mls ID: #20937808
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.