7340 Skillman St APT 1104DallasTX75231
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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 7340 Skillman St APT 1104, Dallas, TX, 75231 uses $53,869 cash to close to unlock $9,357/yr annual cash flow and $780/mo monthly cash flow. Total monthly income runs $2,321/mo, and a $795/mo payment keeps the spread at $780/mo. Purchase price stands at $162,500, and rental yield measures 17.14% with $2,321/mo rent. Return on cash invested shows 37.28% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 200.3% and total cumulative return in cash records $107,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,321/mo property income covering a $795/mo payment rather than investor’s personal income.
Condo
Built in 1983
6.33 Acres lot
$N/A/sqft
$386 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: Philip Hobson • Berkshire HathawayHS PenFed TX
Mls Name: NTREIS
Mls ID: #20653030
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.