3020 Citation 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 3020 Citation Dr, Dallas, TX, 75229 offers a 9.16% rental yield on a $650,000 purchase with $4,960/mo rent. Total monthly income registers $4,960/mo, and a $3,181/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,058/yr on $213,850 to close, and return on cash invested stands at 21.96% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 115.03% and total cumulative return in cash at $245,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,960/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
10,672 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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Listed by: Scott Carnes • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #20970469
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.