336 Melrose Dr APT 5CRichardsonTX75080
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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 336 Melrose Dr APT 5C, Richardson, TX, 75080 earns $489/mo cash flow from $2,231/mo rent with a $1,199/mo payment. Total monthly income totals $2,231/mo, and annual cash flow totals $5,867/yr on $81,218 capital. ROI tracks 27.13% on current figures, and rental yield reads 10.93% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 142.79% and total cumulative return in cash sums $115,968. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,231/mo property income instead of your personal income.
Condo
Built in 1983
5.42 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: Vivien Yang Yang • Coldwell Banker Realty Plano
Mls Name: NTREIS
Mls ID: #21099455