2306 N Prairie AveDallasTX75204
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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 2306 N Prairie Ave, Dallas, TX, 75204 priced at $1,099,900 converts $11,260/mo rent into $3,439/mo cash flow after a $5,383/mo obligation. Total monthly income equals $11,260/mo, and annual cash flow totals $41,267/yr on $356,368 invested. Return on cash invested prints 31.95% in year one, and rental yield reads 12.28% against a $1,099,900 entry. Equity gained on principal adds $7,097/yr, while 5% annual appreciation compiles into $303,882 by year five. Five-year ROI reaches 168.54% and total cumulative return in cash sums $600,636. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,260/mo property income covering a $5,383/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75204, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,712 (100%) |
| Owner Occupied HU | 4,057 (15.2%) |
| Renter Occupied HU | 19,903 (74.5%) |
| Vacant Housing Units | 2,752 (10.3%) |
| Median Home Value | $498,932 |
| Average Home Value | $566,321 |
Housing Distribution
Address Breakdown
Residential
25,882
Single Family
3,973
Multi-Family
21,909
Businesses
1,252
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Listed by: Natalie Patten • Patten Realty
Mls Name: NTREIS
Mls ID: #20562694
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.