3321 Cole Ave APT 116, Dallas, TX, 75204 | $5/mo Cash Flow

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3321 Cole Ave APT 116, Dallas, TX, 75204 | $5/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Dallas at 3321 Cole Ave APT 116, Dallas, TX, 75204 offers a 8.55% rental yield on a $399,000 purchase with $2,842/mo rent. Total monthly income registers $2,842/mo, and a $1,953/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $55/yr on $132,269 to close, and return on cash invested stands at 19.95% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 104.27% and total cumulative return in cash at $137,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,842/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1961

0.81 Acres lot

$N/A/sqft

No HOA

More details about the property

Located in the heart of Uptown, this updated mid-century modern features two bedrooms and two baths. Situated along the M-Line trolley route, it is one block from Katy Trail and 2 blocks from West Village. Gated parking leads to two reserved spots, one just steps away from the door, enter the gorgeous first floor with tile throughout. No expense was spared in the newly remodeled kitchen. A large wall of windows in the spacious living area continues the flow into the private, fenced patio. Floating wood stairs up to the second story where tile floors continue into the two large bedrooms and a full bath. This is the only unit with 2 full baths! HOA includes all utilities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 75204, Dallas, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,712 (100%)
Owner Occupied HU	4,057 (15.2%)
Renter Occupied HU	19,903 (74.5%)
Vacant Housing Units	2,752 (10.3%)
Median Home Value	$498,932
Average Home Value	$566,321