2953 Bay Oaks DrDallasTX75229
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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 2953 Bay Oaks Dr, Dallas, TX, 75229 uses $132,600 cash to close to unlock $6,160/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $3,358/mo, and a $1,958/mo payment keeps the spread at $513/mo. Purchase price stands at $400,000, and rental yield measures 10.07% with $3,358/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 128.98% and total cumulative return in cash records $171,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,358/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75229, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 8,063 (65.7%) |
| Renter Occupied HU | 3,410 (27.8%) |
| Vacant Housing Units | 799 ( 6.5%) |
| Median Home Value | $593,307 |
| Average Home Value | $737,429 |
Housing Distribution
Address Breakdown
Residential
12,042
Single Family
9,746
Multi-Family
2,296
Businesses
2,676
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