1767 Novela WayDallasTX75215
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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 1767 Novela Way, Dallas, TX, 75215 generates $3,912/mo in rent and, after a $2,179/mo payment, leaves $338/mo in cash flow. Total monthly income is $3,912/mo, and annual cash flow is $4,060/yr on $147,551 invested. Return on cash invested sits at 22.66% in year one, and rental yield is 10.55% on a $445,100 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,973 over five years. Five-year ROI reaches 120.03% and total cumulative return in cash sums $177,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,912/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1,254 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75215, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,619 (100%) |
| Owner Occupied HU | 2,599 (30.2%) |
| Renter Occupied HU | 4,935 (57.3%) |
| Vacant Housing Units | 1,085 (12.6%) |
| Median Home Value | $199,767 |
| Average Home Value | $313,419 |
Housing Distribution
Address Breakdown
Residential
8,367
Single Family
5,297
Multi-Family
3,070
Businesses
796
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