6646 E Lovers Ln APT 408DallasTX75214
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6646 E Lovers Ln APT 408, Dallas, TX, 75214 in Dallas carries a 1.75 coverage ratio, rent of $1,178/mo is 1.75 times the $674/mo payment. Rental yield 9.42%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $150,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $41,442; total projected cumulative return: $29,900.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $(469) | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,178 |
| Total Monthly Debt Service | $1,587 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
5.03 Acres lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75214, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,675 (100%) |
| Owner Occupied HU | 9,185 (52.0%) |
| Renter Occupied HU | 7,088 (40.1%) |
| Vacant Housing Units | 1,402 ( 7.9%) |
| Median Home Value | $691,446 |
| Average Home Value | $821,666 |
Housing Distribution
Address Breakdown
Residential
17,787
Single Family
11,641
Multi-Family
6,146
Businesses
1,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1979
5.03 Acres lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75214, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,675 (100%) |
| Owner Occupied HU | 9,185 (52.0%) |
| Renter Occupied HU | 7,088 (40.1%) |
| Vacant Housing Units | 1,402 ( 7.9%) |
| Median Home Value | $691,446 |
| Average Home Value | $821,666 |
Housing Distribution
Address Breakdown
Residential
17,787
Single Family
11,641
Multi-Family
6,146
Businesses
1,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Logan Nichols • Standard Real Estate
Mls Name: NTREIS
Mls ID: #20960513
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.