719 Newberry DrRichardsonTX75080
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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 Richardson at 719 Newberry Dr, Richardson, TX, 75080 uses $189,175 cash to close to unlock $2,993/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $4,338/mo, and a $2,814/mo payment keeps the spread at $249/mo. Purchase price stands at $575,000, and rental yield measures 9.05% with $4,338/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 113.34% and total cumulative return in cash records $214,403. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,338/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,104 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: Jeff Updike • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #21023968