While the rental market in general is popping here in Dallas and surrounding, 75216 runs $550-850 per month on average. Currently only a half dozen properties are available, but days on market runs between 4 and 120 days, median 50 days. So, this particular market slice doesn't reflect the activity level in Plano, Frisco, Park Cities and other areas.
So, for your $25k investment you'll likely get someone in there in about 2 months, but maybe less, at around $600-700/mo. Sounds tasty until you realize expenses, including collections will eat a substantial portion of that cash flow.
You may want to entertain a little higher rent area to invest in.... more