7340 Skillman St APT 404DallasTX75231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404, Dallas, TX, 75231 offers a 13.46% rental yield on a $182,560 purchase with $2,048/mo rent. Total monthly income registers $2,048/mo, and a $894/mo payment leaves $749/mo available for distribution. Annual cash flow reaches $8,992/yr on $60,519 to close, and return on cash invested stands at 34.77% in year one. Equity gained on principal adds $1,178/yr while 5% annual appreciation supports $50,438 over five years. Portfolio math shows five-year ROI at 183.8% and total cumulative return in cash at $111,232. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,048/mo property income against a $894/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices