1007 Canterbury LnForneyTX75126
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Ziffy AI Summary
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 Forney at 1007 Canterbury Ln, Forney, TX, 75126 generates $6,583/mo in rent and, after a $2,594/mo payment, leaves $2,764/mo in cash flow. Total monthly income is $6,583/mo, and annual cash flow is $33,170/yr on $174,370 invested. Return on cash invested sits at 39.08% in year one, and rental yield is 14.9% on a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 206.99% and total cumulative return in cash sums $360,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,583/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
9,583 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75126, Forney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,284 (100%) |
| Owner Occupied HU | 27,587 (80.5%) |
| Renter Occupied HU | 4,836 (14.1%) |
| Vacant Housing Units | 1,861 ( 5.4%) |
| Median Home Value | $367,112 |
| Average Home Value | $402,384 |
Housing Distribution
Address Breakdown
Residential
32,261
Single Family
30,389
Multi-Family
1,872
Businesses
1,196
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Listed by: Jean Christenberry • Keller Williams Lonestar DFW
Mls Name: NTREIS
Mls ID: #20600740
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.