3047 Fernwood Ave, Dallas, TX, 75216 | $135/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3047 Fernwood Ave, Dallas, TX, 75216 | $135/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Welcome to a beautifully upgraded four bedroom three bathroom home. Renovated with remarkable attention to detail this residence showcases thoughtful craftsmanship in every corner from the custom finishes to the carefully selected materials. Taken down to the studs this home features brand new AC, all new electrical, all new plumbing, a new water heater, and a new furnace for complete peace of mind and modern efficiency. Step into the inviting open concept layout that creates an easy natural flow throughout the main living spaces. The rooms are bright spacious and each bathroom was designed beautifully. Outside you will find a generous private backyard ideal for gatherings gardening or simply enjoying quiet outdoor time. A detached garage provides excellent storage and flexibility for parking or creative use. Set in a prime location near top rated schools vibrant local dining beloved neighborhood parks and convenient shopping this home places you right in the heart of everything. With its stunning design meticulous upgrades this property delivers a truly exceptional lifestyle.

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