2702 Douglas Ave #150DallasTX75219
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 2702 Douglas Ave #150, Dallas, TX, 75219 in Dallas worth modelling. At $180,000 with a 9.29% gross yield, the $1,393/mo rent leaves $113/mo after the $809/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.72 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $49,731 by year five; $1,658/yr in principal reduction adds further equity. Total projected return: $76,255.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $113 | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,393 |
| Total Monthly Debt Service | $1,208 |
| DSCR Ratio | 1.15x |
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.
Condo
Built in 1966
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75219, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,341 (100%) |
| Owner Occupied HU | 5,787 (28.4%) |
| Renter Occupied HU | 12,458 (61.2%) |
| Vacant Housing Units | 2,096 (10.3%) |
| Median Home Value | $532,481 |
| Average Home Value | $687,588 |
Housing Distribution
Address Breakdown
Residential
20,674
Single Family
3,392
Multi-Family
17,282
Businesses
1,980
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 1966
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75219, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,341 (100%) |
| Owner Occupied HU | 5,787 (28.4%) |
| Renter Occupied HU | 12,458 (61.2%) |
| Vacant Housing Units | 2,096 (10.3%) |
| Median Home Value | $532,481 |
| Average Home Value | $687,588 |
Housing Distribution
Address Breakdown
Residential
20,674
Single Family
3,392
Multi-Family
17,282
Businesses
1,980
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices