3 Shannon CtRichardsonTX75082
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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
Rental property for sale in Richardson at 3 Shannon Ct, Richardson, TX, 75082 generates $4,554/mo in rent and, after a $2,349/mo payment, leaves $1,141/mo in cash flow. Total monthly income is $4,554/mo, and annual cash flow is $13,692/yr on $159,120 invested. Return on cash invested sits at 28.51% in year one, and rental yield is 11.39% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 150.18% and total cumulative return in cash sums $238,961. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,554/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75082, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,968 (100%) |
| Owner Occupied HU | 5,790 (41.5%) |
| Renter Occupied HU | 7,126 (51.0%) |
| Vacant Housing Units | 1,052 ( 7.5%) |
| Median Home Value | $527,081 |
| Average Home Value | $582,306 |
Housing Distribution
Address Breakdown
Residential
12,879
Single Family
6,313
Multi-Family
6,566
Businesses
543
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Listed by: Matthew Deavenport • RFP Homes LLC
Mls Name: NTREIS
Mls ID: #20892936
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.