3022 Forest Ln APT 402DallasTX75234
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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 Dallas at 3022 Forest Ln APT 402, Dallas, TX, 75234 listed at $119,000 pairs $909/mo rent with a $582/mo payment to leave $63/mo cash flow. Total monthly income runs $909/mo, and annual cash flow reaches $759/yr on $39,449 cash to close. Return on cash invested measures 21.83% in year one, and rental yield registers 9.17% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 114.48% and total cumulative return in cash totals $45,161. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $909/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
1.98 Acres 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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