3114 Channing DrForneyTX75126
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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 Forney at 3114 Channing Dr, Forney, TX, 75126 earns $1,612/mo cash flow from $3,506/mo rent with a $1,273/mo payment. Total monthly income totals $3,506/mo, and annual cash flow totals $19,345/yr on $86,190 capital. ROI tracks 42.35% on current figures, and rental yield reads 16.18% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 224.69% and total cumulative return in cash sums $193,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,506/mo property income instead of your personal income.
Single Family
Built in 2021
7,710 sqft lot
$N/A/sqft
$535 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75126, Forney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,284 (100%) |
| Owner Occupied HU | 27,587 (80.5%) |
| Renter Occupied HU | 4,836 (14.1%) |
| Vacant Housing Units | 1,861 ( 5.4%) |
| Median Home Value | $367,112 |
| Average Home Value | $402,384 |
Housing Distribution
Address Breakdown
Residential
32,261
Single Family
30,389
Multi-Family
1,872
Businesses
1,196
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Listed by: Dinesh Siwakoti • Vastu Realty Inc.
Mls Name: NTREIS
Mls ID: #20696678
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.