1612 Monet DrLittle ElmTX75068
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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 Little Elm at 1612 Monet Dr, Little Elm, TX, 75068 offers $6,192/mo rent that, after a $3,330/mo payment, leaves $1,302/mo cash flow. Total monthly income is $6,192/mo, and annual cash flow is $15,623/yr on $223,825 cash. Return on cash invested measures 27.04% in year one, and rental yield stands at 10.92% at a $680,318 entry. Equity gained on principal adds $4,390/yr while 5% annual appreciation compounds into $187,959 by year five. Five-year ROI records 142.36% and total cumulative return in cash reaches $318,640. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,192/mo property income versus a $3,330/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,753 sqft lot
$N/A/sqft
$625 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Bobbie Alexander • Alexander Properties - Dallas
Mls Name: NTREIS
Mls ID: #20698289
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.