603 Wedgewood WayLake DallasTX75065
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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 Lake Dallas at 603 Wedgewood Way, Lake Dallas, TX, 75065 uses $144,203 cash to close to unlock $1,895/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $3,307/mo, and a $2,129/mo payment keeps the spread at $158/mo. Purchase price stands at $435,000, and rental yield measures 9.12% with $3,307/mo rent. Return on cash invested shows 21.22% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 111.27% and total cumulative return in cash records $160,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,307/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 2005
7,797 sqft lot
$N/A/sqft
$335 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75065, Lake Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,479 (100%) |
| Owner Occupied HU | 3,998 (73.0%) |
| Renter Occupied HU | 1,277 (23.3%) |
| Vacant Housing Units | 204 ( 3.7%) |
| Median Home Value | $440,366 |
| Average Home Value | $480,394 |
Housing Distribution
Address Breakdown
Residential
5,473
Single Family
4,671
Multi-Family
802
Businesses
478
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Listed by: Jessie Rittenhouse • CENTURY 21 JUDGE FITE CO.
Mls Name: NTREIS
Mls ID: #20908090
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.