234 Melba St UNIT 102DallasTX75208
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Dallas rentals match the income profile of 234 Melba St UNIT 102, Dallas, TX, 75208. Listed at $573,500, gross rent is $6,359/mo and net cash flow is $1,535/mo, a 13.31% yield well above national averages. DSCR 2.47 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $158,447 by year five with $5,282/yr in annual principal reduction, projecting $321,822 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 6.5% |
| Monthly Cash Flow | $1,535 | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,359 |
| Total Monthly Debt Service | $4,596 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
5,584 sqft lot
$N/A/sqft
$334 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75208, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,625 (100%) |
| Owner Occupied HU | 6,019 (41.2%) |
| Renter Occupied HU | 6,897 (47.2%) |
| Vacant Housing Units | 1,709 (11.7%) |
| Median Home Value | $466,400 |
| Average Home Value | $537,812 |
Housing Distribution
Address Breakdown
Residential
14,325
Single Family
9,342
Multi-Family
4,983
Businesses
1,540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2023
5,584 sqft lot
$N/A/sqft
$334 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75208, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,625 (100%) |
| Owner Occupied HU | 6,019 (41.2%) |
| Renter Occupied HU | 6,897 (47.2%) |
| Vacant Housing Units | 1,709 (11.7%) |
| Median Home Value | $466,400 |
| Average Home Value | $537,812 |
Housing Distribution
Address Breakdown
Residential
14,325
Single Family
9,342
Multi-Family
4,983
Businesses
1,540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices