632-634 Melba StDallasTX75208
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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 632-634 Melba St, Dallas, TX, 75208 generates $7,249/mo in rent and, after a $4,797/mo payment, leaves $280/mo in cash flow. Total monthly income is $7,249/mo, and annual cash flow is $3,356/yr on $322,420 invested. Return on cash invested sits at 21.1% in year one, and rental yield is 8.88% on a $980,000 entry. Equity gained on principal adds $6,324/yr, while 5% annual appreciation builds toward $270,756 over five years. Five-year ROI reaches 110.42% and total cumulative return in cash sums $356,004. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,249/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75208, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,625 (100%) |
| Owner Occupied HU | 6,019 (41.2%) |
| Renter Occupied HU | 6,897 (47.2%) |
| Vacant Housing Units | 1,709 (11.7%) |
| Median Home Value | $466,400 |
| Average Home Value | $537,812 |
Housing Distribution
Address Breakdown
Residential
14,325
Single Family
9,342
Multi-Family
4,983
Businesses
1,540
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