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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Dallas at 4247 Summitt Ridge Dr, Dallas, TX, 75216 offers $2,310/mo rent that, after a $1,370/mo payment, leaves $319/mo cash flow. Total monthly income is $2,310/mo, and annual cash flow is $3,832/yr on $92,820 cash. Return on cash invested measures 24.04% in year one, and rental yield stands at 9.9% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 126.23% and total cumulative return in cash reaches $117,165. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,310/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75216, Dallas, TX area.
| 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 |
Residential
18,632
Single Family
15,796
Multi-Family
2,836
Businesses
962
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Listed for sale | $280,000 |
| 2025-03-06 | Listing removed | $280,000 |
| 2025-02-26 | Listed for sale | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Andrew Johnson • Fathom Realty
Mls Name: NTREIS
Mls ID: #20852672
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.
