118 Lemley 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 118 Lemley Dr, Heath, TX, 75032 priced at $526,250 pairs $4,919/mo rent with $1,176/mo cash flow after a $2,576/mo payment. Total monthly income equals $4,919/mo, and annual cash flow comes to $14,118/yr on $173,136 invested. Return on cash invested is 28.21% in year one, and rental yield stands at 11.22% on a $526,250 basis. Equity gained on principal adds $3,396/yr, and 5% annual appreciation accumulates to $145,393 by year five. Five-year ROI measures 148.58% and total cumulative return in cash reaches $257,237. For financing, Ziffy Mortgage’s DSCR program evaluates $4,919/mo property income against a $2,576/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
1.00 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: Cory Mccaskey • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20689324
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.