2311 Basil Dr APT C304ArlingtonTX76006
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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 2311 Basil Dr APT C304, Arlington, TX, 76006 uses $33,150 cash to close to unlock $1,120/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $804/mo, and a $489/mo payment keeps the spread at $93/mo. Purchase price stands at $100,000, and rental yield measures 9.65% with $804/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 122.26% and total cumulative return in cash records $40,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $804/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1981
1,306 sqft lot
$N/A/sqft
No 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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