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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% |
Investment property for sale in Dallas at 509 Elm St APT 402, Dallas, TX, 75202 listed at $450,000 pairs $6,076/mo rent with a $2,203/mo payment to leave $2,218/mo cash flow. Total monthly income runs $6,076/mo, and annual cash flow reaches $26,610/yr on $149,175 cash to close. Return on cash invested measures 37.75% in year one, and rental yield registers 16.2% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 201.64% and total cumulative return in cash totals $300,798. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,076/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1930
N/A lot
$N/A/sqft
$658 monthly HOA
Neighborhood data shown for ZIP Code: 75202, Dallas, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,707 (100%) |
| Owner Occupied HU | 469 (12.7%) |
| Renter Occupied HU | 2,564 (69.2%) |
| Vacant Housing Units | 674 (18.2%) |
| Median Home Value | $413,194 |
| Average Home Value | $659,328 |
Residential
2,747
Single Family
3
Multi-Family
2,744
Businesses
631
Date | Event | Price |
|---|---|---|
| 2024-08-03 | Listed for sale | $450,000 |
| 2023-05-06 | Listing removed | N/A |
| 2023-04-15 | Listed for rent | $3,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $6847.90 | -8.17% | $282,530 | N/A |
| 2022-08-30 | $7457.04 | 16.92% | $282,530 | 22.58% |
| 2021-08-30 | $6377.64 | 20.92% | $230,490 | N/A |
Listed by: Annie Anderson • Monument Realty
Mls Name: NTREIS
Mls ID: #20691106
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.
