1455 Memorial DrRockwallTX75087
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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
Investment property for sale in Rockwall at 1455 Memorial Dr, Rockwall, TX, 75087 uses $138,401 cash to close to unlock $2,302/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $3,202/mo, and a $2,043/mo payment keeps the spread at $192/mo. Purchase price stands at $417,500, and rental yield measures 9.2% with $3,202/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $115,348 over five years. Five-year ROI reaches 113.09% and total cumulative return in cash records $156,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,202/mo property income covering a $2,043/mo payment rather than investor’s personal income.
Single Family
Built in 2004
8,537 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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Listed by: Dea Kelly • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20964420
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.