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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Richardson at 333 Melrose Dr APT 8A, Richardson, TX, 75080 offers $2,170/mo rent that, after a $1,121/mo payment. Total monthly income is $2,170/mo. Return on cash invested measures 19.14% in year one, and rental yield stands at 11.37% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 103.36% and total cumulative return in cash reaches $78,461. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,170/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
7.74 Acres lot
$N/A/sqft
$590 monthly HOA
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
| 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 |
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Listed for sale | $229,000 |
| 2021-07-12 | Sold | N/A |
| 2021-07-01 | Pending sale | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $2530.76 | 6.51% | $235,360 | 9.58% |
| 2023-02-12 | $2375.99 | -3.02% | $214,790 | N/A |
| 2022-02-12 | $2449.88 | 7.08% | $214,790 | 15.63% |
Listed by: Kelly Pearson • Monument Realty
Mls Name: NTREIS
Mls ID: #20837664
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.
