1400 Lakeside DrProsperTX75078
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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 Prosper at 1400 Lakeside Dr, Prosper, TX, 75078 offers $6,172/mo rent that, after a $8,316/mo payment. Total monthly income is $6,172/mo. Return on cash invested measures 7.31% in year one, and rental yield stands at 4.36% at a $1,699,000 entry. Equity gained on principal adds $10,963/yr while 5% annual appreciation compounds into $469,402 by year five. Five-year ROI records 36.49% and total cumulative return in cash reaches $200,873. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,172/mo property income versus a $8,316/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
0.36 Acres lot
$N/A/sqft
$484 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75078, Prosper, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,313 (100%) |
| Owner Occupied HU | 14,666 (75.9%) |
| Renter Occupied HU | 2,459 (12.7%) |
| Vacant Housing Units | 2,188 (11.3%) |
| Median Home Value | $704,763 |
| Average Home Value | $764,345 |
Housing Distribution
Address Breakdown
Residential
18,014
Single Family
16,310
Multi-Family
1,704
Businesses
1,413
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Listed by: Shannon Patterson • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20974647
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.