6322 Songwood DrDallasTX75241
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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 6322 Songwood Dr, Dallas, TX, 75241 uses $82,875 cash to close to unlock $16,414/yr annual cash flow and $1,368/mo monthly cash flow. Total monthly income runs $3,146/mo, and a $1,224/mo payment keeps the spread at $1,368/mo. Purchase price stands at $250,000, and rental yield measures 15.1% with $3,146/mo rent. Return on cash invested shows 39.71% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 210.26% and total cumulative return in cash records $174,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,146/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75241, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,602 (100%) |
| Owner Occupied HU | 6,357 (54.8%) |
| Renter Occupied HU | 4,407 (38.0%) |
| Vacant Housing Units | 838 ( 7.2%) |
| Median Home Value | $215,762 |
| Average Home Value | $264,367 |
Housing Distribution
Address Breakdown
Residential
11,014
Single Family
9,481
Multi-Family
1,533
Businesses
536
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Listed by: Bridget Scott • Townview, REALTORS
Mls Name: NTREIS
Mls ID: #20708512
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.