4616 Gaston Ave, Dallas, TX, 75246 | $576/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4616 Gaston Ave, Dallas, TX, 75246 | $576/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Dallas at 4616 Gaston Ave, Dallas, TX, 75246 priced at $785,000 pairs $6,158/mo rent with $576/mo cash flow after a $3,842/mo payment. Total monthly income equals $6,158/mo, and annual cash flow comes to $6,911/yr on $258,265 invested. Return on cash invested is 22.74% in year one, and rental yield stands at 9.41% on a $785,000 basis. Equity gained on principal adds $5,065/yr, and 5% annual appreciation accumulates to $216,881 by year five. Five-year ROI measures 119.18% and total cumulative return in cash reaches $307,802. For financing, Ziffy Mortgage’s DSCR program evaluates $6,158/mo property income against a $3,842/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1924

9,339 sqft lot

$N/A/sqft

No HOA

More details about the property

Historic home built in 1924 on popular Gaston Avenue. A large portion of the interior demo has already been done by the previous owner, updated/repaired pier and beam foundation completed. This home has so much potential for a wonderful single family home, or a high yield duplex. After renovation/restoration appraisal value calculated at $1.3 million in December of 2024, since then two new builds and two newly renovated properties have been completed on the same block and the street behind Gaston. This has increased the after renovation/restoration value to between $1.6 million and $2.2 million. There is another new build still under construction on Junius street directly behind 4616 Gaston and a second new build that is approved to begin construction, both of which will carry a value between $1.6 million and $1.8 million. This property is just a Block to Swiss Ave, Whole Foods & Trader Joe near by, as well as Family Attractions at Downtown Museums, Fair Park & the Arboretum. Enjoy Nightlife, Restaurants & Trendy Music Venues in Downtown, Deep Ellum, Lakewood & Greenville Ave. Originally Four Individual Bedroom, One Bath Units with Separate Living and Kitchen areas. Dallas Historic District.

Neighborhood Data

Neighborhood data shown for ZIP Code: 75246, Dallas, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,105 (100%)
Owner Occupied HU	211 (19.1%)
Renter Occupied HU	729 (66.0%)
Vacant Housing Units	165 (14.9%)
Median Home Value	$588,964
Average Home Value	$620,794