333 Melrose Dr APT 16ARichardsonTX75080
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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
Investment property for sale in Richardson at 333 Melrose Dr APT 16A, Richardson, TX, 75080 earns $509/mo cash flow from $1,966/mo rent with a $1,003/mo payment. Total monthly income totals $1,966/mo, and annual cash flow totals $6,103/yr on $67,957 capital. ROI tracks 28.89% on current figures, and rental yield reads 11.51% at a $204,999 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,637 over five years. Five-year ROI reaches 152.24% and total cumulative return in cash sums $103,457. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,966/mo property income instead of your 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: Tamara Bennett • JPAR - Plano
Mls Name: NTREIS
Mls ID: #21116724