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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 13812 Waterfall Way, Dallas, TX, 75240 generates $6,510/mo in rent and, after a $2,271/mo payment, leaves $3,210/mo in cash flow. Total monthly income is $6,510/mo, and annual cash flow is $38,526/yr on $153,816 invested. Return on cash invested sits at 44.96% in year one, and rental yield is 16.84% on a $464,000 entry. Equity gained on principal adds $2,994/yr, while 5% annual appreciation builds toward $128,195 over five years. Five-year ROI reaches 238.37% and total cumulative return in cash sums $366,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,510/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
9,016 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75240, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,532 (100%) |
| Owner Occupied HU | 2,391 (16.5%) |
| Renter Occupied HU | 10,786 (74.2%) |
| Vacant Housing Units | 1,355 ( 9.3%) |
| Median Home Value | $459,306 |
| Average Home Value | $604,977 |
Housing Distribution
Address Breakdown
Residential
12,400
Single Family
3,369
Multi-Family
9,031
Businesses
1,576
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Price change | $464,000 |
| 2024-09-10 | Price change | $475,000 |
| 2024-08-13 | Price change | $485,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $4095.82 | 6.31% | $445,480 | N/A |
| 2022-10-18 | $3852.84 | 4.91% | $445,480 | 34.86% |
| 2021-10-18 | $3672.51 | 7.48% | $330,320 | 9.52% |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1962
- Architectural Style: Contemporary/Modern,Detached
- Building Area: N/A
- Living Area: 2,547 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Natural Gas
- Cooling: Central Air, Ceiling Fan(s)
- Flooring: Carpet, Tile, Wood
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Cable TV, Walk-In Closet(s)
- Exterior Features: Rain Gutters
- Parking Features: Alley Access, Covered, Carport, Detached Carport, Driveway, Garage, Garage Door Opener
Location
- City: Dallas
- Subdivision: Central Park
- Lot Size: 9,016 sqft
- Lot Features: Back Yard, Interior Lot, Lawn, Landscaped, Subdivision, Few Trees
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Available, Electricity Connected, Sewer Available, Separate Meters, Water Available, Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: RISD Academy
- Middle School: N/A
- High School: Pearce
Listed by: Susan Garcia • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20617389
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.