5938 Goodwin AveDallasTX75206
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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
Rental property for sale in Dallas at 5938 Goodwin Ave, Dallas, TX, 75206 priced at $1,974,750 converts $12,000/mo rent into after a $9,665/mo obligation. Total monthly income equals $12,000/mo. Return on cash invested prints 16.54% in year one, and rental yield reads 7.29% against a $1,974,750 entry. Equity gained on principal adds $12,743/yr, while 5% annual appreciation compiles into $545,587 by year five. Five-year ROI reaches 85.91% and total cumulative return in cash sums $549,672. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $12,000/mo property income covering a $9,665/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75206, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,812 (100%) |
| Owner Occupied HU | 6,198 (22.3%) |
| Renter Occupied HU | 18,974 (68.2%) |
| Vacant Housing Units | 2,640 ( 9.5%) |
| Median Home Value | $612,487 |
| Average Home Value | $657,273 |
Housing Distribution
Address Breakdown
Residential
27,427
Single Family
8,392
Multi-Family
19,035
Businesses
1,854
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Listed by: Nadine Kelsall-Meyer • Meyer Group Real Estate
Mls Name: NTREIS
Mls ID: #20714945
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.