2301 Basil Dr APT F304ArlingtonTX76006
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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 Arlington at 2301 Basil Dr APT F304, Arlington, TX, 76006 uses $35,437 cash to close to unlock $10,116/yr annual cash flow and $843/mo monthly cash flow. Total monthly income runs $1,829/mo, and a $523/mo payment keeps the spread at $843/mo. Purchase price stands at $106,900, and rental yield measures 20.53% with $1,829/mo rent. Return on cash invested shows 48.46% in year one, and 5% annual appreciation builds toward $29,535 over five years. Five-year ROI reaches 260.06% and total cumulative return in cash records $92,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,829/mo property income covering a $523/mo payment rather than investor’s personal income.
Condo
Built in 1981
1,306 sqft lot
$N/A/sqft
$226 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76006, Arlington, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,773 (100%) |
| Owner Occupied HU | 3,188 (23.1%) |
| Renter Occupied HU | 9,540 (69.3%) |
| Vacant Housing Units | 1,045 ( 7.6%) |
| Median Home Value | $336,545 |
| Average Home Value | $355,682 |
Housing Distribution
Address Breakdown
Residential
12,947
Single Family
3,563
Multi-Family
9,384
Businesses
940
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Listed by: Bill Grable • Grable Real Estate
Mls Name: NTREIS
Mls ID: #20603462
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.