16022 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 16022 Sorrento Dr, Woodway, TX, 76712 generates $5,431/mo in rent, after a $4,743/mo payment. Total monthly income is $5,431/mo. Return on cash invested sits at 14.13% in year one, and rental yield is 6.73% on a $969,000 entry. Equity gained on principal adds $6,253/yr, while 5% annual appreciation builds toward $267,717 over five years. Five-year ROI reaches 73.21% and total cumulative return in cash sums $233,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,431/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.37 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: Lisa Horn • Camille Johnson
Mls Name: NTREIS
Mls ID: #20914381
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.