3101 Springbranch DrRichardsonTX75082
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
Investment Highlights
Investment property for sale in Richardson at 3101 Springbranch Dr, Richardson, TX, 75082 uses $240,078 cash to close to unlock $128/yr annual cash flow and $11/mo monthly cash flow. Total monthly income runs $5,315/mo, and a $3,572/mo payment keeps the spread at $11/mo. Purchase price stands at $729,719, and rental yield measures 8.74% with $5,315/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $201,608 over five years. Five-year ROI reaches 105.34% and total cumulative return in cash records $252,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,315/mo property income covering a $3,572/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.26 Acres lot
$N/A/sqft
$495 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeanie Marten • Jeanie Marten Real Estate
Mls Name: NTREIS
Mls ID: #20771551
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.