2969 Phyllis LnFarmers BranchTX75234
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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
Rental property for sale in Farmers Branch at 2969 Phyllis Ln, Farmers Branch, TX, 75234 priced at $299,900 converts $2,954/mo rent into $821/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,954/mo, and annual cash flow totals $9,855/yr on $99,417 invested. Return on cash invested prints 29.82% in year one, and rental yield reads 11.82% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 157.23% and total cumulative return in cash sums $156,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,954/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1954
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75234, Dallas, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,700
Single Family
8,971
Multi-Family
8,729
Businesses
2,307
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Listed by: Lisa Edwards • Berry Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20866128
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.