6318 Richmond Ave UNIT 1104DallasTX75214
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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 6318 Richmond Ave UNIT 1104, Dallas, TX, 75214 earns from $2,012/mo rent with a $1,199/mo payment. Total monthly income totals $2,012/mo. ROI tracks 17.29% on current figures, and rental yield reads 9.85% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 92.4% and total cumulative return in cash sums $75,048. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,012/mo property income instead of your personal income.
Condo
Built in 1984
1.50 Acres lot
$N/A/sqft
$361 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75214, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,675 (100%) |
| Owner Occupied HU | 9,185 (52.0%) |
| Renter Occupied HU | 7,088 (40.1%) |
| Vacant Housing Units | 1,402 ( 7.9%) |
| Median Home Value | $691,446 |
| Average Home Value | $821,666 |
Housing Distribution
Address Breakdown
Residential
17,787
Single Family
11,641
Multi-Family
6,146
Businesses
1,035
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Listed by: Steve Davies • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20893643
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.