1034 Manuel DrFateTX75087
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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 Fate at 1034 Manuel Dr, Fate, TX, 75087 priced at $329,600 converts $2,994/mo rent into $397/mo cash flow after a $1,613/mo obligation. Total monthly income equals $2,994/mo, and annual cash flow totals $4,759/yr on $109,262 invested. Return on cash invested prints 24.26% in year one, and rental yield reads 10.9% against a $329,600 entry. Equity gained on principal adds $2,127/yr, while 5% annual appreciation compiles into $91,062 by year five. Five-year ROI reaches 128.44% and total cumulative return in cash sums $140,333. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,994/mo property income covering a $1,613/mo payment, not borrower’s personal income.
Single Family
Built in 2023
6,664 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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