511 Towne House LnRichardsonTX75081
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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 511 Towne House Ln, Richardson, TX, 75081 uses $90,168 cash to close to unlock $6,529/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,331/mo payment keeps the spread at $544/mo. Purchase price stands at $272,000, and rental yield measures 10.93% with $2,478/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 142.93% and total cumulative return in cash records $128,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
2,744 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: Lisa Woulard • Fathom Realty LLC
Mls Name: NTREIS
Mls ID: #20962935