723 Westover 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 723 Westover Dr, Richardson, TX, 75080 with 5% annual appreciation on a $349,800 basis while $3,114/mo rent supports operations. Total monthly income totals $3,114/mo and a $1,712/mo payment preserves $627/mo for cash returns. Annual cash flow comes to $7,519/yr on $115,959 deployed, and return on cash invested reaches 26.39% in year one. Equity gained on principal adds $2,257/yr, and five-year appreciation sums $96,643 alongside rental yield of 10.68%. Five-year ROI measures 138.83% and total cumulative return in cash totals $160,991.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,114/mo property income versus a $1,712/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
9,365 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: Andre Kocher • Keller Williams Realty-FM
Mls Name: NTREIS
Mls ID: #20840518