1946 E Illinois AveDallasTX75216
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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 Dallas at 1946 E Illinois Ave, Dallas, TX, 75216 uses $58,013 cash to close to unlock $1,201/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,345/mo, and a $857/mo payment keeps the spread at $100/mo. Purchase price stands at $175,000, and rental yield measures 9.22% with $1,345/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 115.23% and total cumulative return in cash records $66,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,345/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1955
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75216, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,401 (100%) |
| Owner Occupied HU | 9,968 (51.4%) |
| Renter Occupied HU | 7,801 (40.2%) |
| Vacant Housing Units | 1,632 ( 8.4%) |
| Median Home Value | $142,118 |
| Average Home Value | $207,866 |
Housing Distribution
Address Breakdown
Residential
18,632
Single Family
15,796
Multi-Family
2,836
Businesses
962
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