636 Scottsboro Ln, Dallas, TX, 75241 | 8.49% Rental Yield

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636 Scottsboro Ln, Dallas, TX, 75241 | 8.49% Rental Yield | Ziffy

For Sale

Fix & Flip

Motivated Seller

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Rental property for sale in Dallas at 636 Scottsboro Ln, Dallas, TX, 75241 priced at $219,000 converts $1,549/mo rent into after a $1,072/mo obligation. Total monthly income equals $1,549/mo. Return on cash invested prints 19.77% in year one, and rental yield reads 8.49% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 103.32% and total cumulative return in cash sums $75,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,549/mo property income covering a $1,072/mo payment, not borrower’s personal income.

Single Family

Built in 1977

7,797 sqft lot

$N/A/sqft

No HOA

More details about the property

Prime Investor opportunity just across the street from the Gifted and Talented T. L. Marsalis Steam Academy Elementary School! This property was remodeled not too long ago, but due to foreclosure, the family was not able to keep it. This nice contemporary home has been meticulously renovated and needs just cosmetic updates to complete it. The roof and the foundation looks solid! If you're looking for a Fix and Flip, Remodel to Rent, Rehab to Owner Finance, or just a Bargain Basement home for you and your Family, look no more! You've found the Perfect Property! Once restored, this property will rent for $2,500 to $2,700 A Month! The After-Repaired Value is $340,000 to $350,000, depending on your Buyer's quality of work! The estimated rehab cost is $25,000 TO $30,000! Send your Buyers by to see this one before it gets away! Homes in this area sell fast! Located just minutes to Downtown Dallas, the Bishop Arts District, Deep Ellum, Trinity Groves, Fair Park, the Cotton Bowl, the Dallas Zoo, Downtown Dallas, and all the Major Freeways! The offer Deadline Date is Sunday, November 16th, at 7 PM. No Blind offers will be accepted.

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