1501 Richfield CtRockwallTX75032
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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 Rockwall at 1501 Richfield Ct, Rockwall, TX, 75032 generates $3,560/mo in rent and, after a $1,334/mo payment, leaves $1,622/mo in cash flow. Total monthly income is $3,560/mo, and annual cash flow is $19,462/yr on $90,350 invested. Return on cash invested sits at 41.45% in year one, and rental yield is 15.67% on a $272,550 entry. Equity gained on principal adds $1,759/yr, while 5% annual appreciation builds toward $75,301 over five years. Five-year ROI reaches 219.57% and total cumulative return in cash sums $198,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,560/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
10,528 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75032, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,162 (100%) |
| Owner Occupied HU | 10,746 (70.9%) |
| Renter Occupied HU | 3,615 (23.8%) |
| Vacant Housing Units | 801 ( 5.3%) |
| Median Home Value | $528,692 |
| Average Home Value | $584,841 |
Housing Distribution
Address Breakdown
Residential
14,792
Single Family
12,789
Multi-Family
2,003
Businesses
738
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