813 Carmen StForneyTX75126
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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 Forney at 813 Carmen St, Forney, TX, 75126 generates $3,218/mo in rent and, after a $1,708/mo payment, leaves $560/mo in cash flow. Total monthly income is $3,218/mo, and annual cash flow is $6,720/yr on $115,694 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 11.06% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 135.86% and total cumulative return in cash sums $157,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,218/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,272 sqft lot
$N/A/sqft
$425 semi-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: Amy Weatheread • Weatheread Johnson Realty LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25005192
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.