13600 Canals DrLittle ElmTX75068
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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 Little Elm at 13600 Canals Dr, Little Elm, TX, 75068 priced at $855,000 converts $5,555/mo rent into after a $4,185/mo obligation. Total monthly income equals $5,555/mo. Return on cash invested prints 17.64% in year one, and rental yield reads 7.8% against a $855,000 entry. Equity gained on principal adds $5,517/yr, while 5% annual appreciation compiles into $236,221 by year five. Five-year ROI reaches 91.94% and total cumulative return in cash sums $258,631. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,555/mo property income covering a $4,185/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.32 Acres lot
$N/A/sqft
$495 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Terry Ely • Realm Real Estate Professionals - Katy
Mls Name: HAR
Mls Provider:
Mls ID: #21108746
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