7340 Skillman St APT 1109DallasTX75231
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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 7340 Skillman St APT 1109, Dallas, TX, 75231 generates $1,213/mo in rent and, after a $612/mo payment, leaves $324/mo in cash flow. Total monthly income is $1,213/mo, and annual cash flow is $3,887/yr on $41,438 invested. Return on cash invested sits at 29.29% in year one, and rental yield is 11.64% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 154.34% and total cumulative return in cash sums $63,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,213/mo property income rather than buyer’s personal income.
Condo
Built in 1983
6.33 Acres lot
$N/A/sqft
No 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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