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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Little Elm at 1304 Carancho Dr, Little Elm, TX, 75068 generates $3,638/mo in rent and, after a $2,007/mo payment, leaves $582/mo in cash flow. Total monthly income is $3,638/mo, and annual cash flow is $6,984/yr on $135,915 invested. Return on cash invested sits at 25.05% in year one, and rental yield is 10.65% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 132.09% and total cumulative return in cash sums $179,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,638/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,662 sqft lot
$N/A/sqft
$275 semi-annually HOA
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $410,000 |
| 2025-04-03 | Sold | N/A |
| 2025-03-22 | Pending sale | $465,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $7939.16 | -24.70% | $441,650 | -11.68% |
| 2023-04-16 | $10543.12 | 7.73% | $500,033 | 21.64% |
| 2022-04-16 | $9786.32 | 18.93% | $411,079 | 23.89% |
Listed by: Steve Metarelis • Offerpad Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20904543
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.
