1701 Deerwood LnProsperTX75078
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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 Prosper at 1701 Deerwood Ln, Prosper, TX, 75078 uses $320,775 cash to close to unlock $15,585/yr annual cash flow and $1,299/mo monthly cash flow. Total monthly income runs $8,340/mo, and a $4,772/mo payment keeps the spread at $1,299/mo. Purchase price stands at $975,000, and rental yield measures 10.26% with $8,340/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 131.03% and total cumulative return in cash records $420,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,340/mo property income covering a $4,772/mo payment rather than investor’s personal income.
Single Family
Built in 2020
9,583 sqft lot
$N/A/sqft
$324 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75078, Prosper, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,313 (100%) |
| Owner Occupied HU | 14,666 (75.9%) |
| Renter Occupied HU | 2,459 (12.7%) |
| Vacant Housing Units | 2,188 (11.3%) |
| Median Home Value | $704,763 |
| Average Home Value | $764,345 |
Housing Distribution
Address Breakdown
Residential
18,014
Single Family
16,310
Multi-Family
1,704
Businesses
1,413
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Listed by: Shamil Shalwani • Douglas Elliman Real Estate
Mls Name: NTREIS
Mls ID: #20682465
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.