2623 Lapsley StDallasTX75212
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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
Investment property for sale in Dallas at 2623 Lapsley St, Dallas, TX, 75212 offers a 24.43% rental yield on a $175,000 purchase with $3,563/mo rent. Total monthly income registers $3,563/mo, and a $857/mo payment leaves $2,265/mo available for distribution. Annual cash flow reaches $27,177/yr on $58,013 to close, and return on cash invested stands at 66.75% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 355.69% and total cumulative return in cash at $206,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,563/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75212, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,614 (100%) |
| Owner Occupied HU | 4,588 (43.2%) |
| Renter Occupied HU | 5,072 (47.8%) |
| Vacant Housing Units | 954 ( 9.0%) |
| Median Home Value | $263,214 |
| Average Home Value | $282,166 |
Housing Distribution
Address Breakdown
Residential
9,782
Single Family
6,618
Multi-Family
3,164
Businesses
915
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Listed by: Juan Caballero • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20464262
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.