16301 Ledgemont Ln APT 109AddisonTX75001
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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 APT 109, Addison, TX, 75001 uses $59,670 cash to close to unlock $1,644/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $1,417/mo, and a $881/mo payment keeps the spread at $137/mo. Purchase price stands at $180,000, and rental yield measures 9.45% with $1,417/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 118.82% and total cumulative return in cash records $70,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,417/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1982
7.53 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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