1657 Madrid WayRockwallTX75087
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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 1657 Madrid Way, Rockwall, TX, 75087 at $339,000 posts ROI 27.1% with $674/mo cash flow from $3,084/mo rent. Total monthly income equals $3,084/mo, and annual cash flow records $8,083/yr on $112,379 to close. Return on cash invested measures 27.1% and rental yield reads 10.92% at the current $339,000. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 by year five. Five-year ROI prints 142.63% and total cumulative return in cash totals $160,288.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,084/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2023
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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