3047 Fernwood AveDallasTX75216
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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 3047 Fernwood Ave, Dallas, TX, 75216 earns $135/mo cash flow from $2,326/mo rent with a $1,508/mo payment. Total monthly income totals $2,326/mo, and annual cash flow totals $1,623/yr on $102,102 capital. ROI tracks 21.5% on current figures, and rental yield reads 9.06% at a $308,000 purchase. Equity gained on principal adds $1,987/yr, and 5% annual appreciation supports $85,095 over five years. Five-year ROI reaches 112.61% and total cumulative return in cash sums $114,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,326/mo property income instead of your personal income.
Single Family
Built in 1950
7,230 sqft 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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