1589 Main StSouthlakeTX76092
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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 Southlake at 1589 Main St, Southlake, TX, 76092 offers $5,284/mo rent that, after a $7,342/mo payment. Total monthly income is $5,284/mo. Return on cash invested measures 6.73% in year one, and rental yield stands at 4.23% at a $1,500,000 entry. Equity gained on principal adds $9,679/yr while 5% annual appreciation compounds into $414,422 by year five. Five-year ROI records 33.43% and total cumulative return in cash reaches $162,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,284/mo property income versus a $7,342/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
3,310 sqft lot
$N/A/sqft
$1,692 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Housing Distribution
Address Breakdown
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
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Listed by: Roxann Taylor • Engel&Volkers Dallas Southlake
Mls Name: NTREIS
Mls ID: #20870424
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.