336 Melrose Dr APT 7BRichardsonTX75080
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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 7B, Richardson, TX, 75080 uses $69,284 cash to close to unlock $7,137/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,023/mo payment keeps the spread at $595/mo. Purchase price stands at $209,000, and rental yield measures 11.95% with $2,081/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 159.3% and total cumulative return in cash records $110,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,023/mo payment rather than investor’s 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: Minqi Li • 31 Realty, LLC
Mls Name: NTREIS
Mls ID: #20991221