3046 Fordham RdDallasTX75216
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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 Dallas at 3046 Fordham Rd, Dallas, TX, 75216 generates $2,098/mo in rent and, after a $1,076/mo payment, leaves $535/mo in cash flow. Total monthly income is $2,098/mo, and annual cash flow is $6,415/yr on $72,897 invested. Return on cash invested sits at 28.71% in year one, and rental yield is 11.45% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 151.25% and total cumulative return in cash sums $110,260. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,098/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75216, Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,401 (100%) |
| Owner Occupied HU | 9,968 (51.4%) |
| Renter Occupied HU | 7,801 (40.2%) |
| Vacant Housing Units | 1,632 ( 8.4%) |
| Median Home Value | $142,118 |
| Average Home Value | $207,866 |
Housing Distribution
Address Breakdown
Residential
18,632
Single Family
15,796
Multi-Family
2,836
Businesses
962
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