1361 Wedgeleaf StForneyTX75126
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1361 Wedgeleaf St, Forney, TX, 75126 priced at $256,031 converts $1,726/mo rent into after a $1,253/mo obligation. Total monthly income equals $1,726/mo. Return on cash invested prints 17.98% in year one, and rental yield reads 8.09% against a $256,031 entry. Equity gained on principal adds $1,652/yr, while 5% annual appreciation compiles into $70,737 by year five. Five-year ROI reaches 93.95% and total cumulative return in cash sums $79,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,726/mo property income covering a $1,253/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,401 sqft lot
$N/A/sqft
$500 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared Turner • Turner Mangum LLC
Mls Name: NTREIS
Mls ID: #20917449
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.