157 Lakeside DrRockwallTX75032
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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 157 Lakeside Dr, Rockwall, TX, 75032 priced at $299,000 converts $2,956/mo rent into $830/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,956/mo, and annual cash flow totals $9,963/yr on $99,119 invested. Return on cash invested prints 29.96% in year one, and rental yield reads 11.86% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 157.98% and total cumulative return in cash sums $156,586. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,956/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2000
8,015 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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Listed by: Brent Barnes • 180 Relocation, LLC
Mls Name: NTREIS
Mls ID: #20935750
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.