16301 Ledgemont Ln #263AddisonTX75001
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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 16301 Ledgemont Ln #263, Addison, TX, 75001 uses $74,654 cash to close to unlock $4,652/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $2,105/mo, and a $1,102/mo payment keeps the spread at $388/mo. Purchase price stands at $225,200, and rental yield measures 11.22% with $2,105/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $62,219 over five years. Five-year ROI reaches 138.17% and total cumulative return in cash records $103,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,105/mo property income covering a $1,102/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A 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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