333 Melrose Dr APT 10CRichardsonTX75080
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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 Richardson at 333 Melrose Dr APT 10C, Richardson, TX, 75080 generates $1,359/mo in rent and, after a $832/mo payment, leaves $150/mo in cash flow. Total monthly income is $1,359/mo, and annual cash flow is $1,802/yr on $56,355 invested. Return on cash invested sits at 23.11% in year one, and rental yield is 9.59% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 121.28% and total cumulative return in cash sums $68,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,359/mo property income rather than buyer’s personal income.
Condo
Built in 1981
7.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Housing Distribution
Address Breakdown
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
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Listed by: Kelly Pearson • Monument Realty
Mls Name: NTREIS
Mls ID: #21039179