18040 Midway Rd APT 176DallasTX75287
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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 18040 Midway Rd APT 176, Dallas, TX, 75287 generates $2,095/mo in rent, after a $1,273/mo payment. Total monthly income is $2,095/mo. Return on cash invested sits at 18% in year one, and rental yield is 9.67% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 95.74% and total cumulative return in cash sums $82,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,095/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1,058 sqft lot
$N/A/sqft
$383 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75287, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,067 (100%) |
| Owner Occupied HU | 5,785 (19.2%) |
| Renter Occupied HU | 22,200 (73.8%) |
| Vacant Housing Units | 2,082 ( 6.9%) |
| Median Home Value | $488,669 |
| Average Home Value | $571,993 |
Housing Distribution
Address Breakdown
Residential
28,960
Single Family
6,042
Multi-Family
22,918
Businesses
641
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Listed by: Areli Gonzalez • Keller Williams Realty DPR
Mls Name: NTREIS
Mls ID: #20916109
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.