2623 Lenway 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
Investment property for sale in Dallas at 2623 Lenway St, Dallas, TX, 75215 uses $62,985 cash to close to unlock $3,841/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $1,711/mo, and a $930/mo payment keeps the spread at $320/mo. Purchase price stands at $190,000, and rental yield measures 10.81% with $1,711/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 137.1% and total cumulative return in cash records $86,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,711/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,052 sqft 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: Terry Hendricks • RE/MAX DFW Associates
Mls Name: NTREIS
Mls ID: #21019927
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.