1206 Milam WayCarrolltonTX75006
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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
Investment property for sale in Carrollton at 1206 Milam Way, Carrollton, TX, 75006 offers a 11.67% rental yield on a $310,000 purchase with $3,014/mo rent. Total monthly income registers $3,014/mo, and a $1,517/mo payment leaves $810/mo available for distribution. Annual cash flow reaches $9,718/yr on $102,765 to close, and return on cash invested stands at 29.37% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 154.76% and total cumulative return in cash at $159,043. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,014/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75006, Carrollton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,503 (100%) |
| Owner Occupied HU | 9,330 (47.8%) |
| Renter Occupied HU | 9,140 (46.9%) |
| Vacant Housing Units | 1,033 ( 5.3%) |
| Median Home Value | $334,267 |
| Average Home Value | $359,234 |
Housing Distribution
Address Breakdown
Residential
19,005
Single Family
12,160
Multi-Family
6,845
Businesses
2,847
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Listed by: Therese Winslow • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #21065151