6602 Lockheed AveDallasTX75209
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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 6602 Lockheed Ave, Dallas, TX, 75209 offers $7,917/mo rent that, after a $4,890/mo payment, leaves $504/mo cash flow. Total monthly income is $7,917/mo, and annual cash flow is $6,044/yr on $328,671 cash. Return on cash invested measures 21.9% in year one, and rental yield stands at 9.51% at a $999,000 entry. Equity gained on principal adds $6,446/yr while 5% annual appreciation compounds into $276,005 by year five. Five-year ROI records 115.11% and total cumulative return in cash reaches $378,326. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,917/mo property income versus a $4,890/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75209, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,729 (100%) |
| Owner Occupied HU | 4,456 (57.7%) |
| Renter Occupied HU | 2,555 (33.1%) |
| Vacant Housing Units | 718 ( 9.3%) |
| Median Home Value | $803,285 |
| Average Home Value | $1,023,005 |
Housing Distribution
Address Breakdown
Residential
7,445
Single Family
5,364
Multi-Family
2,081
Businesses
561
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Listed by: Courtney Tauriac • Compass RE Texas, LLC.
Mls Name: NTREIS
Mls ID: #20649502
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.