15900 Gladewater TerProsperTX75078
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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 Prosper at 15900 Gladewater Ter, Prosper, TX, 75078 offers $6,895/mo rent that, after a $3,108/mo payment, leaves $2,332/mo cash flow. Total monthly income is $6,895/mo, and annual cash flow is $27,983/yr on $208,915 cash. Return on cash invested measures 33.45% in year one, and rental yield stands at 13.03% at a $635,000 entry. Equity gained on principal adds $4,098/yr while 5% annual appreciation compounds into $175,439 by year five. Five-year ROI records 176.76% and total cumulative return in cash reaches $369,272. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,895/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
5,488 sqft lot
$N/A/sqft
$285 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75078, Prosper, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,313 (100%) |
| Owner Occupied HU | 14,666 (75.9%) |
| Renter Occupied HU | 2,459 (12.7%) |
| Vacant Housing Units | 2,188 (11.3%) |
| Median Home Value | $704,763 |
| Average Home Value | $764,345 |
Housing Distribution
Address Breakdown
Residential
18,014
Single Family
16,310
Multi-Family
1,704
Businesses
1,413
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Listed by: Elena Sanchez • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20635271
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.