6616 Elvedon DrDallasTX75248
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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 6616 Elvedon Dr, Dallas, TX, 75248 listed at $780,000 pairs $7,301/mo rent with a $3,818/mo payment to leave $1,754/mo cash flow. Total monthly income runs $7,301/mo, and annual cash flow reaches $21,048/yr on $256,620 cash to close. Return on cash invested measures 28.26% in year one, and rental yield registers 11.23% at a $780,000 basis. Equity gained on principal adds $5,033/yr, and annual property appreciation at 5% supports $215,500 by year five. Five-year ROI tracks 148.82% and total cumulative return in cash totals $381,892. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,301/mo property income relative to a $3,818/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75248, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 8,744 (46.9%) |
| Renter Occupied HU | 8,625 (46.3%) |
| Vacant Housing Units | 1,266 ( 6.8%) |
| Median Home Value | $546,946 |
| Average Home Value | $594,935 |
Housing Distribution
Address Breakdown
Residential
18,020
Single Family
8,802
Multi-Family
9,218
Businesses
835
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Listed by: Valerie Neely • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #20933039
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.