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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
Investment property for sale in Dallas at 2404 Merlin St, Dallas, TX, 75215 earns $2,050/mo cash flow from $4,645/mo rent with a $1,786/mo payment. Total monthly income totals $4,645/mo, and annual cash flow totals $24,599/yr on $120,998 capital. ROI tracks 40.24% on current figures, and rental yield reads 15.27% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 213.06% and total cumulative return in cash sums $257,803. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,645/mo property income instead of your personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75215, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,619 (100%) |
| Owner Occupied HU | 2,599 (30.2%) |
| Renter Occupied HU | 4,935 (57.3%) |
| Vacant Housing Units | 1,085 (12.6%) |
| Median Home Value | $199,767 |
| Average Home Value | $313,419 |
Housing Distribution
Address Breakdown
Residential
8,367
Single Family
5,297
Multi-Family
3,070
Businesses
796
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Price change | $365,000 |
| 2024-09-30 | Pending sale | $389,000 |
| 2024-09-18 | Listing removed | $389,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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: 2023
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 2,218 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Ceramic Tile, Vinyl
- Interior Features: Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: Balcony
- Parking Features: Covered, Driveway, Garage
Location
- City: Dallas
- Subdivision: Barnes & Mitchell Grand Avenue
- Lot Size: N/A
- Lot Features: N/A
- 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, Sewer Available, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Dunbar
- Middle School: Dade
- High School: Madison
Listed by: Prime Blankenship • Scottie Smith & Associates
Mls Name: NTREIS
Mls ID: #20411333
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.