1609 Cedar Crest DrForneyTX75126
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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 1609 Cedar Crest Dr, Forney, TX, 75126 priced at $520,000 converts $5,498/mo rent into $1,581/mo cash flow after a $2,545/mo obligation. Total monthly income equals $5,498/mo, and annual cash flow totals $18,976/yr on $171,080 invested. Return on cash invested prints 31.15% in year one, and rental yield reads 12.69% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 164.89% and total cumulative return in cash sums $282,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,498/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 2016
7,187 sqft lot
$N/A/sqft
$720 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: John Varughese • Beam Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20648935
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.