4009 Summitt Ridge DrDallasTX75216
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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 Dallas at 4009 Summitt Ridge Dr, Dallas, TX, 75216 listed at $249,900 pairs $2,320/mo rent with a $1,223/mo payment to leave $543/mo cash flow. Total monthly income runs $2,320/mo, and annual cash flow reaches $6,517/yr on $82,842 cash to close. Return on cash invested measures 27.78% in year one, and rental yield registers 11.14% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 146.28% and total cumulative return in cash totals $121,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,320/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
7,579 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75216, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,401 (100%) |
| Owner Occupied HU | 9,968 (51.4%) |
| Renter Occupied HU | 7,801 (40.2%) |
| Vacant Housing Units | 1,632 ( 8.4%) |
| Median Home Value | $142,118 |
| Average Home Value | $207,866 |
Housing Distribution
Address Breakdown
Residential
18,632
Single Family
15,796
Multi-Family
2,836
Businesses
962
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Listed by: Guy Rourk • Mersaes Real Estate, Inc.
Mls Name: NTREIS
Mls ID: #21065665
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.