1417 Vernon DrProvidence VillageTX76227
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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 Providence Village at 1417 Vernon Dr, Providence Village, TX, 76227 offers $2,540/mo rent that, after a $1,466/mo payment, leaves $311/mo cash flow. Total monthly income is $2,540/mo, and annual cash flow is $3,726/yr on $99,284 cash. Return on cash invested measures 23.66% in year one, and rental yield stands at 10.18% at a $299,500 entry. Equity gained on principal adds $1,933/yr while 5% annual appreciation compounds into $82,746 by year five. Five-year ROI records 124.63% and total cumulative return in cash reaches $123,743. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,540/mo property income versus a $1,466/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
6,141 sqft lot
$N/A/sqft
$590 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76227, Aubrey, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,420 (100%) |
| Owner Occupied HU | 23,091 (78.5%) |
| Renter Occupied HU | 4,666 (15.9%) |
| Vacant Housing Units | 1,663 ( 5.7%) |
| Median Home Value | $479,180 |
| Average Home Value | $571,581 |
Housing Distribution
Address Breakdown
Residential
29,729
Single Family
25,985
Multi-Family
3,744
Businesses
756
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Listed by: Johnson Kang • Sunet Group
Mls Name: NTREIS
Mls ID: #20927967
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.