1021 Joseph CtForneyTX75126
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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 1021 Joseph Ct, Forney, TX, 75126 priced at $567,000 pairs $3,820/mo rent with after a $2,775/mo payment. Total monthly income equals $3,820/mo. Return on cash invested is 18.01% in year one, and rental yield stands at 8.08% on a $567,000 basis. Equity gained on principal adds $3,659/yr, and 5% annual appreciation accumulates to $156,652 by year five. Five-year ROI measures 94.08% and total cumulative return in cash reaches $175,495. For financing, Ziffy Mortgage’s DSCR program evaluates $3,820/mo property income against a $2,775/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,851 sqft lot
$N/A/sqft
$1,290 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: Jagjit Singh • Jagjit Singh
Mls Name: NTREIS
Mls ID: #20790139
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.