2535 Wedglea Dr APT 230DallasTX75211
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2535 Wedglea Dr APT 230, Dallas, TX, 75211 in Dallas carries a 1.67 coverage ratio, rent of $1,967/mo is 1.67 times the $1,180/mo payment. Rental yield 9.45%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $262,340 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $72,480; total projected cumulative return: $94,102.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.5% |
| Monthly Cash Flow | $(202) | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,967 |
| Total Monthly Debt Service | $1,977 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1983
1.99 Acres lot
$N/A/sqft
$216 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75211, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,813 (100%) |
| Owner Occupied HU | 10,435 (45.7%) |
| Renter Occupied HU | 10,877 (47.7%) |
| Vacant Housing Units | 1,501 ( 6.6%) |
| Median Home Value | $250,988 |
| Average Home Value | $293,982 |
Housing Distribution
Address Breakdown
Residential
22,758
Single Family
17,260
Multi-Family
5,498
Businesses
1,279
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 1983
1.99 Acres lot
$N/A/sqft
$216 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75211, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,813 (100%) |
| Owner Occupied HU | 10,435 (45.7%) |
| Renter Occupied HU | 10,877 (47.7%) |
| Vacant Housing Units | 1,501 ( 6.6%) |
| Median Home Value | $250,988 |
| Average Home Value | $293,982 |
Housing Distribution
Address Breakdown
Residential
22,758
Single Family
17,260
Multi-Family
5,498
Businesses
1,279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices