2406 Merlin StDallasTX75215
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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 2406 Merlin St, Dallas, TX, 75215 priced at $365,000 converts $4,222/mo rent into $1,627/mo cash flow after a $1,786/mo obligation. Total monthly income equals $4,222/mo, and annual cash flow totals $19,523/yr on $120,998 invested. Return on cash invested prints 36.04% in year one, and rental yield reads 13.88% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 190.57% and total cumulative return in cash sums $230,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,222/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75215, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,619 (100%) |
| Owner Occupied HU | 2,599 (30.2%) |
| Renter Occupied HU | 4,935 (57.3%) |
| Vacant Housing Units | 1,085 (12.6%) |
| Median Home Value | $199,767 |
| Average Home Value | $313,419 |
Housing Distribution
Address Breakdown
Residential
8,367
Single Family
5,297
Multi-Family
3,070
Businesses
796
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Listed by: Bernard Akomas • Scottie Smith & Associates
Mls Name: NTREIS
Mls ID: #20413985
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.