7204 Canongate DrDallasTX75248
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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
Rental property for sale in Dallas at 7204 Canongate Dr, Dallas, TX, 75248 generates $4,748/mo in rent, after a $4,498/mo payment. Total monthly income is $4,748/mo. Return on cash invested sits at 12.97% in year one, and rental yield is 6.2% on a $919,000 entry. Equity gained on principal adds $5,930/yr, while 5% annual appreciation builds toward $253,903 over five years. Five-year ROI reaches 66.79% and total cumulative return in cash sums $201,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,748/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75248, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,635 (100%) |
| Owner Occupied HU | 8,744 (46.9%) |
| Renter Occupied HU | 8,625 (46.3%) |
| Vacant Housing Units | 1,266 ( 6.8%) |
| Median Home Value | $546,946 |
| Average Home Value | $594,935 |
Housing Distribution
Address Breakdown
Residential
18,020
Single Family
8,802
Multi-Family
9,218
Businesses
835
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