124 Devonshire DrWaxahachieTX75167
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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 Waxahachie at 124 Devonshire Dr, Waxahachie, TX, 75167 offers a 12.46% rental yield on a $599,000 purchase with $6,220/mo rent. Total monthly income registers $6,220/mo, and a $2,932/mo payment leaves $1,960/mo available for distribution. Annual cash flow reaches $23,523/yr on $197,071 to close, and return on cash invested stands at 32% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 168.86% and total cumulative return in cash at $332,782. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,220/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75167, Waxahachie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,713 (100%) |
| Owner Occupied HU | 4,885 (85.5%) |
| Renter Occupied HU | 650 (11.4%) |
| Vacant Housing Units | 178 ( 3.1%) |
| Median Home Value | $474,412 |
| Average Home Value | $517,500 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,430
Multi-Family
10
Businesses
120
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Listed by: Farrah Tate • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20715246
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.