124 Chris DrRockwallTX75032
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rockwall at 124 Chris Dr, Rockwall, TX, 75032 generates $2,656/mo in rent and, after a $1,493/mo payment, leaves $487/mo in cash flow. Total monthly income is $2,656/mo, and annual cash flow is $5,843/yr on $101,108 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 10.45% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 135.04% and total cumulative return in cash sums $136,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,656/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
5,445 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices