3238 Rutledge StDallasTX75215
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 3238 Rutledge St, Dallas, TX, 75215 in Dallas achieves 1.57, rent of $2,175/mo covers the $1,387/mo payment 1.5x over at $308,500. Rental yield 8.46%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $85,233 over five years, with $2,841/yr in principal reduction bringing total projected return to $117,059.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $(19) | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,175 |
| Total Monthly Debt Service | $2,071 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75215, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,619 (100%) |
| Owner Occupied HU | 2,599 (30.2%) |
| Renter Occupied HU | 4,935 (57.3%) |
| Vacant Housing Units | 1,085 (12.6%) |
| Median Home Value | $199,767 |
| Average Home Value | $313,419 |
Housing Distribution
Address Breakdown
Residential
8,367
Single Family
5,297
Multi-Family
3,070
Businesses
796
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
Single Family
Built in 2024
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75215, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,619 (100%) |
| Owner Occupied HU | 2,599 (30.2%) |
| Renter Occupied HU | 4,935 (57.3%) |
| Vacant Housing Units | 1,085 (12.6%) |
| Median Home Value | $199,767 |
| Average Home Value | $313,419 |
Housing Distribution
Address Breakdown
Residential
8,367
Single Family
5,297
Multi-Family
3,070
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Thompson • Chris Thompson, REALTORS
Mls Name: NTREIS
Mls ID: #20770871
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.