163 Spelt LnDallasTX75241
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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 Dallas at 163 Spelt Ln, Dallas, TX, 75241 priced at $250,000 pairs $1,742/mo rent with after a $1,224/mo payment. Total monthly income equals $1,742/mo. Return on cash invested is 19.39% in year one, and rental yield stands at 8.36% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 101.24% and total cumulative return in cash reaches $83,902. For financing, Ziffy Mortgage’s DSCR program evaluates $1,742/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75241, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,602 (100%) |
| Owner Occupied HU | 6,357 (54.8%) |
| Renter Occupied HU | 4,407 (38.0%) |
| Vacant Housing Units | 838 ( 7.2%) |
| Median Home Value | $215,762 |
| Average Home Value | $264,367 |
Housing Distribution
Address Breakdown
Residential
11,014
Single Family
9,481
Multi-Family
1,533
Businesses
536
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Listed by: Delario Bolton • Keller Williams Fort Worth
Mls Name: NTREIS
Mls ID: #20861819
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.