6502 Covecreek PlDallasTX75240
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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 6502 Covecreek Pl, Dallas, TX, 75240 with 5% annual appreciation on a $995,000 basis while $5,274/mo rent supports operations. 46% in year one. Equity gained on principal adds $6,421/yr, and five-year appreciation sums $274,900 alongside rental yield of 6.36%. Five-year ROI measures 69.43% and total cumulative return in cash totals $227,274. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,274/mo property income versus a $4,870/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75240, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,532 (100%) |
| Owner Occupied HU | 2,391 (16.5%) |
| Renter Occupied HU | 10,786 (74.2%) |
| Vacant Housing Units | 1,355 ( 9.3%) |
| Median Home Value | $459,306 |
| Average Home Value | $604,977 |
Housing Distribution
Address Breakdown
Residential
12,400
Single Family
3,369
Multi-Family
9,031
Businesses
1,576
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Listed by: Peter Loudis • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20832883
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.