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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Farmers Branch at 2969 Eric Ln, Farmers Branch, TX, 75234 offers a 10.65% rental yield on a $369,000 purchase with $3,275/mo rent. Total monthly income registers $3,275/mo, and a $1,806/mo payment leaves $651/mo available for distribution. Annual cash flow reaches $7,813/yr on $122,324 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 138.33% and total cumulative return in cash at $169,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,275/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75234, Dallas, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,711 (100%) |
| Owner Occupied HU | 7,358 (41.5%) |
| Renter Occupied HU | 8,433 (47.6%) |
| Vacant Housing Units | 1,920 (10.8%) |
| Median Home Value | $381,329 |
| Average Home Value | $469,512 |
Residential
17,700
Single Family
8,971
Multi-Family
8,729
Businesses
2,307
Date | Event | Price |
|---|---|---|
| 2025-06-09 | Listed for sale | $369,000 |
| 2025-01-02 | Listing removed | N/A |
| 2024-12-03 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-09 | $3283.62 | -6.19% | $305,000 | -2.91% |
| 2023-06-09 | $3500.18 | 18.38% | $314,130 | 24.16% |
| 2022-06-09 | $2956.66 | 13.03% | $253,000 | 16.59% |
Listed by: William Lindsey • Keller Williams Urban Dallas
Mls Name: NTREIS
Mls ID: #20963856
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.
