1620 Mannheim DrRockwallTX75032
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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 Rockwall at 1620 Mannheim Dr, Rockwall, TX, 75032 at $595,500 posts ROI 30.53% with $1,709/mo cash flow from $6,022/mo rent. Total monthly income equals $6,022/mo, and annual cash flow records $20,504/yr on $195,920 to close. Return on cash invested measures 30.53% and rental yield reads 12.14% at the current $595,500. Equity gained on principal adds $3,843/yr, and 5% annual appreciation supports $164,526 by year five. Five-year ROI prints 161.14% and total cumulative return in cash totals $315,699.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,022/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2017
7,213 sqft lot
$N/A/sqft
$470 semi-annually 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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Listed by: Teresa Moon • Coldwell Banker Realty
Mls Name: NTREIS
Mls ID: #20568991
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.