2309 Balsam Dr APT K214ArlingtonTX76006
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe headline number at 2309 Balsam Dr APT K214, Arlington, TX, 76006 in Arlington is the 1.99 coverage ratio: rent of $1,321/mo versus a $665/mo debt payment on a $147,900 property. Rental yield 10.72%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $40,862 by year five, with $1,362/yr in equity from paydown. Total projected cumulative return: $52,394.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $(92) | $450 |
City averages based on Arlington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,321 |
| Total Monthly Debt Service | $1,354 |
| DSCR Ratio | 0.98x |
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
2,090 sqft lot
$N/A/sqft
$361 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
2,090 sqft lot
$N/A/sqft
$361 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: Greg Hutchinson • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20838694
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.