6646 E Lovers Ln APT 702DallasTX75214
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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 6646 E Lovers Ln APT 702, Dallas, TX, 75214 uses $41,438 cash to close to unlock $1,139/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $984/mo, and a $612/mo payment keeps the spread at $95/mo. Purchase price stands at $125,000, and rental yield measures 9.45% with $984/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 118.77% and total cumulative return in cash records $49,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $984/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1979
5.03 Acres lot
$N/A/sqft
No 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
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