1621 Applegate WayRoyse CityTX75189
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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 Royse City at 1621 Applegate Way, Royse City, TX, 75189 priced at $317,000 pairs $2,764/mo rent with $466/mo cash flow after a $1,552/mo payment. Total monthly income equals $2,764/mo, and annual cash flow comes to $5,594/yr on $105,086 invested. Return on cash invested is 25.23% in year one, and rental yield stands at 10.46% on a $317,000 basis. Equity gained on principal adds $2,046/yr, and 5% annual appreciation accumulates to $87,581 by year five. Five-year ROI measures 132.81% and total cumulative return in cash reaches $139,569. For financing, Ziffy Mortgage’s DSCR program evaluates $2,764/mo property income against a $1,552/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
4,573 sqft lot
$N/A/sqft
$518 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75189, Royse City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,871 (100%) |
| Owner Occupied HU | 18,051 (86.5%) |
| Renter Occupied HU | 1,937 ( 9.3%) |
| Vacant Housing Units | 883 ( 4.2%) |
| Median Home Value | $366,037 |
| Average Home Value | $408,538 |
Housing Distribution
Address Breakdown
Residential
19,440
Single Family
19,006
Multi-Family
434
Businesses
690
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Listed by: Kim Johnson • RE/MAX Four Corners
Mls Name: NTREIS
Mls ID: #20805643
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.