1513 Loraine DrLittle ElmTX75068
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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 Little Elm at 1513 Loraine Dr, Little Elm, TX, 75068 earns $1,370/mo cash flow from $5,509/mo rent with a $2,813/mo payment. Total monthly income totals $5,509/mo, and annual cash flow totals $16,441/yr on $189,060 capital. ROI tracks 28.76% on current figures, and rental yield reads 11.5% at a $574,650 purchase. Equity gained on principal adds $3,708/yr, and 5% annual appreciation supports $158,765 over five years. Five-year ROI reaches 151.61% and total cumulative return in cash sums $286,641. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,509/mo property income instead of your personal income.
Single Family
Built in 2024
0.35 Acres lot
$N/A/sqft
$625 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Bobbie Alexander • Alexander Properties - Dallas
Mls Name: NTREIS
Mls ID: #20696787
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.