16016 Sorrento DrWoodwayTX76712
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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 Woodway at 16016 Sorrento Dr, Woodway, TX, 76712 offers $5,269/mo rent that, after a $2,838/mo payment, leaves $1,031/mo cash flow. Total monthly income is $5,269/mo, and annual cash flow is $12,367/yr on $190,787 cash. Return on cash invested measures 26.54% in year one, and rental yield stands at 10.9% at a $579,900 entry. Equity gained on principal adds $3,742/yr while 5% annual appreciation compounds into $160,216 by year five. Five-year ROI records 139.86% and total cumulative return in cash reaches $266,833. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,269/mo property income versus a $2,838/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.35 Acres lot
$N/A/sqft
$115 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76712, Woodway, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,159 (100%) |
| Owner Occupied HU | 7,758 (63.8%) |
| Renter Occupied HU | 3,664 (30.1%) |
| Vacant Housing Units | 737 ( 6.1%) |
| Median Home Value | $345,561 |
| Average Home Value | $391,016 |
Housing Distribution
Address Breakdown
Residential
12,041
Single Family
10,323
Multi-Family
1,718
Businesses
1,182
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Listed by: Whitney Ellis • Coldwell Banker Apex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #221844
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 04:28:25 PDT