509 Elm St APT 601DallasTX75202
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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 509 Elm St APT 601, Dallas, TX, 75202 listed at $650,000 pairs $4,400/mo rent with a $3,181/mo payment. Total monthly income runs $4,400/mo. Return on cash invested measures 18.82% in year one, and rental yield registers 8.12% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 98.17% and total cumulative return in cash totals $209,942. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,400/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75202, Dallas, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,747
Single Family
3
Multi-Family
2,744
Businesses
631
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