2013 Cornell DrRichardsonTX75081
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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 Richardson at 2013 Cornell Dr, Richardson, TX, 75081 offers a 10.1% rental yield on a $437,000 purchase with $3,677/mo rent. Total monthly income registers $3,677/mo, and a $2,139/mo payment leaves $569/mo available for distribution. Annual cash flow reaches $6,832/yr on $144,866 to close, and return on cash invested stands at 24.62% in year one. Equity gained on principal adds $2,820/yr while 5% annual appreciation supports $120,735 over five years. Portfolio math shows five-year ROI at 129.36% and total cumulative return in cash at $187,396. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,677/mo property income against a $2,139/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75081, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,782 (100%) |
| Owner Occupied HU | 7,816 (49.5%) |
| Renter Occupied HU | 6,690 (42.4%) |
| Vacant Housing Units | 1,276 ( 8.1%) |
| Median Home Value | $359,679 |
| Average Home Value | $382,812 |
Housing Distribution
Address Breakdown
Residential
15,596
Single Family
10,146
Multi-Family
5,450
Businesses
2,458
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Listed by: Elena Garrett • Keller Williams Central
Mls Name: NTREIS
Mls ID: #21083751