336 Melrose Dr APT 6BRichardsonTX75080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6B, Richardson, TX, 75080 listed at $214,000 pairs $1,539/mo rent with a $1,047/mo payment to leave $18/mo cash flow. Total monthly income runs $1,539/mo, and annual cash flow reaches $212/yr on $70,941 cash to close. Return on cash invested measures 20.21% in year one, and rental yield registers 8.63% at a $214,000 basis. Equity gained on principal adds $1,381/yr, and annual property appreciation at 5% supports $59,124 by year five. Five-year ROI tracks 105.67% and total cumulative return in cash totals $74,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,539/mo property income relative to a $1,047/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derik Schmille • Corey Simpson & Associates
Mls Name: NTREIS
Mls ID: #21131452