1636 Pike 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 1636 Pike Dr, Forney, TX, 75126 offers $4,830/mo rent that, after a $1,762/mo payment, leaves $2,180/mo cash flow. Total monthly income is $4,830/mo, and annual cash flow is $26,161/yr on $119,340 cash. Return on cash invested measures 41.83% in year one, and rental yield stands at 16.1% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 221.97% and total cumulative return in cash reaches $264,897. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,830/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
5,967 sqft lot
$N/A/sqft
$204 quarterly 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: Brittany Clifford • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20593942
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.