5015 Meridian Ln UNIT 1102AddisonTX75001
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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 Addison at 5015 Meridian Ln UNIT 1102, Addison, TX, 75001 earns from $3,520/mo rent with a $2,692/mo payment. Total monthly income totals $3,520/mo. ROI tracks 12.66% on current figures, and rental yield reads 7.68% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 66.89% and total cumulative return in cash sums $121,030. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,520/mo property income instead of your personal income.
Condo
Built in 2016
1.53 Acres lot
$N/A/sqft
$725 other HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75001, Addison, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,386 (100%) |
| Owner Occupied HU | 1,729 (15.2%) |
| Renter Occupied HU | 8,698 (76.4%) |
| Vacant Housing Units | 959 ( 8.4%) |
| Median Home Value | $435,573 |
| Average Home Value | $459,089 |
Housing Distribution
Address Breakdown
Residential
11,354
Single Family
1,820
Multi-Family
9,534
Businesses
2,198
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Listed by: Ada Rosa Mcneff • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20932984
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.