3863 Cortez DrDallasTX75220
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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 3863 Cortez Dr, Dallas, TX, 75220 generates $4,457/mo in rent, after a $7,831/mo payment. Total monthly income is $4,457/mo. Return on cash invested sits at 4.35% in year one, and rental yield is 3.34% on a $1,599,900 entry. Equity gained on principal adds $10,324/yr, while 5% annual appreciation builds toward $442,023 over five years. Five-year ROI reaches 20.54% and total cumulative return in cash sums $106,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,457/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75220, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,806 (100%) |
| Owner Occupied HU | 4,650 (29.4%) |
| Renter Occupied HU | 9,597 (60.7%) |
| Vacant Housing Units | 1,559 ( 9.9%) |
| Median Home Value | $526,765 |
| Average Home Value | $787,369 |
Housing Distribution
Address Breakdown
Residential
15,109
Single Family
6,713
Multi-Family
8,396
Businesses
1,794
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Listed by: Diem Hong Ho • Corey Simpson & Associates
Mls Name: NTREIS
Mls ID: #20698230
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.