708 Mount Vernon DrRichardsonTX75081
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 708 Mount Vernon Dr, Richardson, TX, 75081 priced at $485,000 converts $3,791/mo rent into $342/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,791/mo, and annual cash flow totals $4,103/yr on $160,778 invested. Return on cash invested prints 22.46% in year one, and rental yield reads 9.38% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 117.73% and total cumulative return in cash sums $189,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,791/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1979
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75081, Richardson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,782 (100%) |
| Owner Occupied HU | 7,816 (49.5%) |
| Renter Occupied HU | 6,690 (42.4%) |
| Vacant Housing Units | 1,276 ( 8.1%) |
| Median Home Value | $359,679 |
| Average Home Value | $382,812 |
Housing Distribution
Address Breakdown
Residential
15,596
Single Family
10,146
Multi-Family
5,450
Businesses
2,458
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Listed by: Cindy Dunnican • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21019114