6019 Ridgecrest RdDallasTX75231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6019 Ridgecrest Rd, Dallas, TX, 75231 priced at $180,000 pairs $1,448/mo rent with $168/mo cash flow after a $881/mo payment. Total monthly income equals $1,448/mo, and annual cash flow comes to $2,016/yr on $59,670 invested. Return on cash invested is 23.29% in year one, and rental yield stands at 9.65% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 122.16% and total cumulative return in cash reaches $72,893. For financing, Ziffy Mortgage’s DSCR program evaluates $1,448/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75231, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,072 (100%) |
| Owner Occupied HU | 3,394 (15.4%) |
| Renter Occupied HU | 15,728 (71.3%) |
| Vacant Housing Units | 2,950 (13.4%) |
| Median Home Value | $541,224 |
| Average Home Value | $538,955 |
Housing Distribution
Address Breakdown
Residential
21,094
Single Family
4,505
Multi-Family
16,589
Businesses
1,720
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