3229 Merrell CirDallasTX75229
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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 Dallas at 3229 Merrell Cir, Dallas, TX, 75229 priced at $715,000 pairs $6,262/mo rent with $834/mo cash flow after a $3,500/mo payment. Total monthly income equals $6,262/mo, and annual cash flow comes to $10,007/yr on $235,235 invested. Return on cash invested is 24.31% in year one, and rental yield stands at 10.51% on a $715,000 basis. Equity gained on principal adds $4,614/yr, and 5% annual appreciation accumulates to $197,541 by year five. Five-year ROI measures 128.28% and total cumulative return in cash reaches $301,761. For financing, Ziffy Mortgage’s DSCR program evaluates $6,262/mo property income against a $3,500/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.32 Acres 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: Mike Bryant • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20932528
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.