1606 Governors BlvdHeathTX75032
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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
Investment property for sale in Heath at 1606 Governors Blvd, Heath, TX, 75032 uses $127,293 cash to close to unlock $418/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $2,765/mo, and a $1,879/mo payment keeps the spread at $35/mo. Purchase price stands at $383,990, and rental yield measures 8.64% with $2,765/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $106,089 over five years. Five-year ROI reaches 105.81% and total cumulative return in cash records $134,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,765/mo property income covering a $1,879/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
3,049 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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