706 S Waterview DrRichardsonTX75080
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
Investment Highlights
Rental property for sale in Richardson at 706 S Waterview Dr, Richardson, TX, 75080 priced at $520,000 converts $3,810/mo rent into $112/mo cash flow after a $2,545/mo obligation. Total monthly income equals $3,810/mo, and annual cash flow totals $1,348/yr on $171,080 invested. Return on cash invested prints 20.85% in year one, and rental yield reads 8.79% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 109.07% and total cumulative return in cash sums $186,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,810/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 1963
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75080, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,565 (100%) |
| Owner Occupied HU | 10,167 (49.4%) |
| Renter Occupied HU | 9,187 (44.7%) |
| Vacant Housing Units | 1,211 ( 5.9%) |
| Median Home Value | $455,957 |
| Average Home Value | $521,179 |
Housing Distribution
Address Breakdown
Residential
20,990
Single Family
12,080
Multi-Family
8,910
Businesses
2,138
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Listed by: Taylor Pendley • SNT Real Estate Agency LLC
Mls Name: NTREIS
Mls ID: #21082308