2524 Melbourne AveDallasTX75233
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Dallas rental at 2524 Melbourne Ave, Dallas, TX, 75233 sits in the solid-income band: 10.9% gross yield, $2,148/mo rent, $394/mo net after the $1,063/mo debt service, DSCR 2.02. Entry price of $236,400 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $65,313 and $2,177/yr in principal reduction bring total cumulative return to $116,256.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.5% |
| Monthly Cash Flow | $394 | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,148 |
| Total Monthly Debt Service | $1,660 |
| DSCR Ratio | 1.29x |
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.
Single Family
Built in 1953
9,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75233, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,723 (100%) |
| Owner Occupied HU | 2,536 (44.3%) |
| Renter Occupied HU | 2,807 (49.0%) |
| Vacant Housing Units | 380 ( 6.6%) |
| Median Home Value | $290,902 |
| Average Home Value | $324,954 |
Housing Distribution
Address Breakdown
Residential
4,915
Single Family
4,256
Multi-Family
659
Businesses
210
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
Single Family
Built in 1953
9,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75233, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,723 (100%) |
| Owner Occupied HU | 2,536 (44.3%) |
| Renter Occupied HU | 2,807 (49.0%) |
| Vacant Housing Units | 380 ( 6.6%) |
| Median Home Value | $290,902 |
| Average Home Value | $324,954 |
Housing Distribution
Address Breakdown
Residential
4,915
Single Family
4,256
Multi-Family
659
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tarus Monroe • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20922330
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.