333 Melrose Dr APT 5BRichardsonTX75080
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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 5B, Richardson, TX, 75080 uses $82,709 cash to close to unlock $7,859/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $2,429/mo, and a $1,221/mo payment keeps the spread at $655/mo. Purchase price stands at $249,500, and rental yield measures 11.68% with $2,429/mo rent. Return on cash invested shows 29.41% in year one, and 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 154.99% and total cumulative return in cash records $128,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,429/mo property income covering a $1,221/mo payment rather than investor’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: Tim Wang • Henderson Real Estates
Mls Name: NTREIS
Mls ID: #21060032