5055 Cedar Springs Rd #242DallasTX75235
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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 5055 Cedar Springs Rd #242, Dallas, TX, 75235 listed at $189,995 pairs $1,513/mo rent with a $930/mo payment. Total monthly income runs $1,513/mo. Return on cash invested measures 13.28% in year one, and rental yield registers 9.56% at a $189,995 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,492 by year five. Five-year ROI tracks 72% and total cumulative return in cash totals $45,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,513/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
2.75 Acres lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75235, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,854 (100%) |
| Owner Occupied HU | 2,031 (17.1%) |
| Renter Occupied HU | 8,194 (69.1%) |
| Vacant Housing Units | 1,629 (13.7%) |
| Median Home Value | $331,769 |
| Average Home Value | $412,850 |
Housing Distribution
Address Breakdown
Residential
10,714
Single Family
2,964
Multi-Family
7,750
Businesses
1,195
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Listed by: Brendan Lewis • Robert Elliott and Associates
Mls Name: NTREIS
Mls ID: #20945047
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.