138 Ocean Lake DrEdgewoodTX75117
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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 Edgewood at 138 Ocean Lake Dr, Edgewood, TX, 75117 generates $2,686/mo in rent and, after a $1,703/mo payment, leaves $192/mo in cash flow. Total monthly income is $2,686/mo, and annual cash flow is $2,299/yr on $115,362 invested. Return on cash invested sits at 21.9% in year one, and rental yield is 9.26% on a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 114.82% and total cumulative return in cash sums $132,454. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,686/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75117, Edgewood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,288 (69.3%) |
| Renter Occupied HU | 399 (21.5%) |
| Vacant Housing Units | 171 ( 9.2%) |
| Median Home Value | $313,497 |
| Average Home Value | $669,722 |
Housing Distribution
Address Breakdown
Residential
1,581
Single Family
1,559
Multi-Family
22
Businesses
128
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Listed by: Connie Odic • Move Here Realty
Mls Name: NTREIS
Mls ID: #20955659
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.