3022 Forest Ln APT 121DallasTX75234
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3022 Forest Ln APT 121, Dallas, TX, 75234 in Dallas carries a 1.75 coverage ratio, rent of $1,046/mo is 1.75 times the $598/mo payment. Rental yield 9.59%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $133,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $36,745; total projected cumulative return: $43,434.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.5% |
| Monthly Cash Flow | $(117) | $450 |
City averages based on Dallas market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,046 |
| Total Monthly Debt Service | $1,127 |
| DSCR Ratio | 0.93x |
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 2024
1.98 Acres lot
$N/A/sqft
$234 monthly 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
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 2024
1.98 Acres lot
$N/A/sqft
$234 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Lomax • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20901974
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.