1122 Millview Dr #402ArlingtonTX76012
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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 Arlington at 1122 Millview Dr #402, Arlington, TX, 76012 generates $1,154/mo in rent and, after a $710/mo payment, leaves $123/mo in cash flow. Total monthly income is $1,154/mo, and annual cash flow is $1,471/yr on $48,068 invested. Return on cash invested sits at 22.97% in year one, and rental yield is 9.55% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 120.47% and total cumulative return in cash sums $57,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,154/mo property income rather than buyer’s personal income.
Condo
Built in 1984
740.52 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76012, Arlington, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,027 (100%) |
| Owner Occupied HU | 6,690 (60.7%) |
| Renter Occupied HU | 3,808 (34.5%) |
| Vacant Housing Units | 529 ( 4.8%) |
| Median Home Value | $347,932 |
| Average Home Value | $380,864 |
Housing Distribution
Address Breakdown
Residential
10,579
Single Family
9,161
Multi-Family
1,418
Businesses
1,101
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