Available DFW · CONDO

521 W Lookout Dr 218 Reveal Address

Richardson, TX 75080

$135,382

1 bd · 1 ba · 700 sqft · Built 1974

Notes

Occupied condo in Richardson. 1974 build, 1 bed / 1 bath, 700 sq ft. Current rent $950/mo.

521 W Lookout Dr 218, Richardson, TX 75080

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Annual, at default assumptions.

Property Tax $2,124

Insurance $677

HOA $210

Property Management $912

Vacancy Reserve $570

Maintenance + CapEx $912

Total Operating Expenses

$5,405

Annual NOI

$5,995

Cash Flowing Day One

Occupied with a paying tenant. Rent hits your account month one.
Lease already in place. No tenant search, no leasing fee, no vacancy month.
Professionally managed end-to-end. We stay on post-close so you don't have to.
Full tax and rent history available on request. Underwrite on real numbers, not pro-forma.

Fair-Market Snapshot

5% Below Market

Asking

$135,382

Consensus Value

$142,507

Consensus of county tax valuation, Zillow Zestimate, HomeCanvasser AVM, and broker BPO. Not an appraisal.

Model your return

How the metrics work

Gross Yield: Annual rent ÷ asking price. Pre-expense, pre-debt. Best for scanning income across properties.
Cap Rate: NOI ÷ asking price. Same idea as Yield, but after operating expenses (tax, insurance, HOA, 8% management, 5% vacancy, 5% maintenance). Doesn't include financing.
Monthly Cash Flow (CF/mo): What hits your account after operating expenses and mortgage. Depends on down payment and interest rate — use the sliders.
Cash-on-Cash (CoC): Annual cash flow ÷ cash required at close. Your return on the money you actually put down. Also moves with the sliders.