616 Newell 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
Investment property for sale in Dallas at 616 Newell Ave, Dallas, TX, 75223 with 5% annual appreciation on a $1,197,100 basis while $3,892/mo rent supports operations. 06% in year one. Equity gained on principal adds $7,725/yr, and five-year appreciation sums $330,737 alongside rental yield of 3.9%. Five-year ROI measures 29.72% and total cumulative return in cash totals $115,261. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,892/mo property income versus a $5,859/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
0.30 Acres lot
$N/A/sqft
$5 monthly 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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