$700,000 Price Drop! Now Listed at $1,299,000: This stunning 4BR, 5BA Mediterranean-style home is perfect for rental income or as a valuable addition to any investment portfolio.
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<a href="https://www.homes.com/property/618-kessler-springs-ave-dallas-tx/wrvr7kc2jj62e/" target="_blank">View property on homes.com<img class="prop-btn-vec" src="https://bucket.ywhdev.com/wl/?id=rWbNAf6NkPwAmR1lGr4xhlmds36PSHf8&fmode=open"/></a>
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This home is listed by Rick Novack at Coldwell Banker Apex </p>
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<p class="sec-txt-bld">Projected annual rent:</p>
<p>$68,000</p>
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<div class="sec3-head">Operating Expenses</div>
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<p class="sec-txt">Property Tax:</p>
<p>$6,195</p>
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<p class="sec-txt">Insurance:</p>
<p>$3,700</p>
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<p class="sec-txt">Regular Maintenance:</p>
<p>$3,200</p>
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<p class="sec-txt">Reserves for Replacement:</p>
<p>$3,800</p>
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<p class="sec-txt">Annual Expenses:</p>
<p>$12,490</p>
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<p class="sec-txt">Net Operating Income:</p>
<p>$55,905</p>
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<p class="sec-txt">CAP Rate:</p>
<p>3.82%</p>
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<p class="sec-txt-bld">What Sets It Apart</p>
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What Sets It Apart: Located near Bishop Arts and Kessler Park, this home is ideal for commuters with easy access to downtown Dallas and Trinity Grove. The property boasts custom finishes, dual ensuite baths, and balconies in the primary suite, along with beautiful Mediterranean architecture and a clay tile roof. Its location and design make it ideal for both personal living and rental appeal.

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<p class="sec-txt-bld">Investor Highlights</p>
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Investment Highlights: Priced at $980,000, the home has potential to generate $60,000 to $70,000 annually in rental income, thanks to its desirable location and high-end features. With the recent price reduction, it's a prime opportunity for strong returns and future appreciation.
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