3675 Norcross LnDallasTX75229
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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
Rental property for sale in Dallas at 3675 Norcross Ln, Dallas, TX, 75229 generates $6,806/mo in rent and, after a $4,645/mo payment, leaves $57/mo in cash flow. Total monthly income is $6,806/mo, and annual cash flow is $689/yr on $312,221 invested. Return on cash invested sits at 20.28% in year one, and rental yield is 8.61% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 106.02% and total cumulative return in cash sums $331,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,806/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75229, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 8,063 (65.7%) |
| Renter Occupied HU | 3,410 (27.8%) |
| Vacant Housing Units | 799 ( 6.5%) |
| Median Home Value | $593,307 |
| Average Home Value | $737,429 |
Housing Distribution
Address Breakdown
Residential
12,042
Single Family
9,746
Multi-Family
2,296
Businesses
2,676
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