602 Martinique AveDallasTX75223
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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 602 Martinique Ave, Dallas, TX, 75223 priced at $965,000 converts $4,508/mo rent into after a $4,723/mo obligation. Total monthly income equals $4,508/mo. Return on cash invested prints 11.16% in year one, and rental yield reads 5.61% against a $965,000 entry. Equity gained on principal adds $6,227/yr, while 5% annual appreciation compiles into $266,612 by year five. Five-year ROI reaches 57.12% and total cumulative return in cash sums $181,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,508/mo property income covering a $4,723/mo payment, not borrower’s personal income.
Single Family
Built in 2022
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75223, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,848 (100%) |
| Owner Occupied HU | 2,438 (50.3%) |
| Renter Occupied HU | 2,087 (43.0%) |
| Vacant Housing Units | 323 ( 6.7%) |
| Median Home Value | $296,154 |
| Average Home Value | $365,079 |
Housing Distribution
Address Breakdown
Residential
4,748
Single Family
3,984
Multi-Family
764
Businesses
432
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