718 Devonshire 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 718 Devonshire Dr, Richardson, TX, 75080 offers $3,288/mo rent that, after a $1,835/mo payment, leaves $622/mo cash flow. Total monthly income is $3,288/mo, and annual cash flow is $7,461/yr on $124,313 cash. Return on cash invested measures 25.91% in year one, and rental yield stands at 10.52% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 136.23% and total cumulative return in cash reaches $169,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,288/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
9,043 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberlee Gromatzky • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #21111601