1654 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 1654 Governors Blvd, Heath, TX, 75032 listed at $693,899 pairs $5,592/mo rent with a $3,396/mo payment to leave $408/mo cash flow. Total monthly income runs $5,592/mo, and annual cash flow reaches $4,894/yr on $228,293 cash to close. Return on cash invested measures 22.2% in year one, and rental yield registers 9.67% at a $693,899 basis. Equity gained on principal adds $4,478/yr, and annual property appreciation at 5% supports $191,712 by year five. Five-year ROI tracks 116.81% and total cumulative return in cash totals $266,660. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,592/mo property income relative to a $3,396/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2024
4,504 sqft lot
$N/A/sqft
$250 monthly 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: Dee Evans • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20535950
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.