7175 Fair Oaks Ave APT 56DallasTX75231
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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 7175 Fair Oaks Ave APT 56, Dallas, TX, 75231 uses $59,667 cash to close to unlock $6,008/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $2,330/mo, and a $881/mo payment keeps the spread at $501/mo. Purchase price stands at $179,990, and rental yield measures 15.53% with $2,330/mo rent. Return on cash invested shows 29.98% in year one, and 5% annual appreciation builds toward $49,728 over five years. Five-year ROI reaches 162.08% and total cumulative return in cash records $96,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,330/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1974
2.99 Acres lot
$N/A/sqft
$478 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75231, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,072 (100%) |
| Owner Occupied HU | 3,394 (15.4%) |
| Renter Occupied HU | 15,728 (71.3%) |
| Vacant Housing Units | 2,950 (13.4%) |
| Median Home Value | $541,224 |
| Average Home Value | $538,955 |
Housing Distribution
Address Breakdown
Residential
21,094
Single Family
4,505
Multi-Family
16,589
Businesses
1,720
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Listed by: Chris Garcia • Altura Realty LLC
Mls Name: NTREIS
Mls ID: #20750970
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.