2240 Tarpley Rd APT 62CarrolltonTX75006
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 2240 Tarpley Rd APT 62, Carrollton, TX, 75006 in Carrollton at $203,900 earns $1,997/mo in rent and nets $170/mo after the $917/mo payment, a 11.75% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $56,334 over five years. Ziffy Mortgage underwrites this on a 2.18 DSCR without U.S. credit history. With $1,878/yr in principal paydown, total projected return reaches $90,763.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $170 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,997 |
| Total Monthly Debt Service | $1,746 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
11.22 Acres lot
$N/A/sqft
$354 monthly 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
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
Condo
Built in 1982
11.22 Acres lot
$N/A/sqft
$354 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eugene Gonzalez • Dave Perry Miller Real Estate
Mls Name: NTREIS
Mls ID: #21115355
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.