507 Sheffield DrRichardsonTX75081
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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 Richardson at 507 Sheffield Dr, Richardson, TX, 75081 offers a 23.43% rental yield on a $559,000 purchase with $10,914/mo rent. Total monthly income registers $10,914/mo, and a $2,736/mo payment leaves $6,939/mo available for distribution. Annual cash flow reaches $83,267/yr on $183,911 to close, and return on cash invested stands at 65.34% in year one. Equity gained on principal adds $3,607/yr while 5% annual appreciation supports $154,441 over five years. Portfolio math shows five-year ROI at 347.62% and total cumulative return in cash at $639,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $10,914/mo property income against a $2,736/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75081, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,782 (100%) |
| Owner Occupied HU | 7,816 (49.5%) |
| Renter Occupied HU | 6,690 (42.4%) |
| Vacant Housing Units | 1,276 ( 8.1%) |
| Median Home Value | $359,679 |
| Average Home Value | $382,812 |
Housing Distribution
Address Breakdown
Residential
15,596
Single Family
10,146
Multi-Family
5,450
Businesses
2,458
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Listed by: Angela Hague • The Michael Group Real Estate
Mls Name: NTREIS
Mls ID: #20628463
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.