3024 Silver Springs LnRichardsonTX75082
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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
Total monthly income runs $3,145/mo, and a $2,325/mo payment. Purchase price stands at $475,000, and rental yield measures 7.95% with $3,145/mo rent. Return on cash invested shows 18.13% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 94.56% and total cumulative return in cash records $148,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,145/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1992
5,662 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: Benetta Robbins • Keller Williams Central
Mls Name: NTREIS
Mls ID: #21008456