6939 Joyce WayDallasTX75225
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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 6939 Joyce Way, Dallas, TX, 75225 priced at $1,650,000 converts $12,689/mo rent into $956/mo cash flow after a $8,076/mo obligation. Total monthly income equals $12,689/mo, and annual cash flow totals $11,466/yr on $534,600 invested. Return on cash invested prints 22.51% in year one, and rental yield reads 9.23% against a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation compiles into $455,865 by year five. Five-year ROI reaches 117.96% and total cumulative return in cash sums $630,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $12,689/mo property income covering a $8,076/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75225, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,168 (100%) |
| Owner Occupied HU | 6,795 (66.8%) |
| Renter Occupied HU | 2,337 (23.0%) |
| Vacant Housing Units | 1,036 (10.2%) |
| Median Home Value | $1,346,967 |
| Average Home Value | $1,377,369 |
Housing Distribution
Address Breakdown
Residential
10,020
Single Family
6,504
Multi-Family
3,516
Businesses
1,648
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Listed by: Marjan Wolford • At Properties Christie's Int'l
Mls Name: NTREIS
Mls ID: #20681289
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.