116 Larry DrHeathTX75032
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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 Heath at 116 Larry Dr, Heath, TX, 75032 priced at $416,000 pairs $2,812/mo rent with after a $2,036/mo payment. Total monthly income equals $2,812/mo. Return on cash invested is 18.64% in year one, and rental yield stands at 8.11% on a $416,000 basis. Equity gained on principal adds $2,684/yr, and 5% annual appreciation accumulates to $114,933 by year five. Five-year ROI measures 97.22% and total cumulative return in cash reaches $134,075. For financing, Ziffy Mortgage’s DSCR program evaluates $2,812/mo property income against a $2,036/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75032, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,162 (100%) |
| Owner Occupied HU | 10,746 (70.9%) |
| Renter Occupied HU | 3,615 (23.8%) |
| Vacant Housing Units | 801 ( 5.3%) |
| Median Home Value | $528,692 |
| Average Home Value | $584,841 |
Housing Distribution
Address Breakdown
Residential
14,792
Single Family
12,789
Multi-Family
2,003
Businesses
738
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Listed by: Robyn Zumar • Carla Trimber Realty Partners
Mls Name: NTREIS
Mls ID: #20981532
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.