2309 Balsam Dr APT K112ArlingtonTX76006
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2309 Balsam Dr APT K112, Arlington, TX, 76006 in Arlington carries a 1.79 coverage ratio, rent of $1,013/mo is 1.79 times the $567/mo payment. Rental yield 9.65%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $126,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $34,811; total projected cumulative return: $42,887.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.5% |
| Monthly Cash Flow | $(98) | $450 |
City averages based on Arlington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,013 |
| Total Monthly Debt Service | $1,061 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1981
1,481 sqft lot
$N/A/sqft
$215 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
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 1981
1,481 sqft lot
$N/A/sqft
$215 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Wofford • Wofford Realty
Mls Name: NTREIS
Mls ID: #20774058
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.