7021 Merrilee LnDallasTX75214
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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 7021 Merrilee Ln, Dallas, TX, 75214 priced at $1,495,000 pairs $5,494/mo rent with after a $7,317/mo payment. Total monthly income equals $5,494/mo. Return on cash invested is 7.55% in year one, and rental yield stands at 4.41% on a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and 5% annual appreciation accumulates to $413,041 by year five. Five-year ROI measures 37.73% and total cumulative return in cash reaches $182,749. For financing, Ziffy Mortgage’s DSCR program evaluates $5,494/mo property income against a $7,317/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
10,367 sqft 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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Listed by: Heather Guild • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20897179
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.