1024 Rhone LnSouthlakeTX76092
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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 Southlake at 1024 Rhone Ln, Southlake, TX, 76092 with 5% annual appreciation on a $1,840,000 basis while $5,612/mo rent supports operations. 04% in year one. Equity gained on principal adds $11,873/yr, and five-year appreciation sums $508,358 alongside rental yield of 3.66%. Five-year ROI measures 24.36% and total cumulative return in cash totals $145,254. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,612/mo property income versus a $9,006/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
0.27 Acres lot
$N/A/sqft
$1,700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Housing Distribution
Address Breakdown
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
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Listed by: Irene Mochulsky • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20916375
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.