175 S Forest LnDouble OakTX75077
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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 Double Oak at 175 S Forest Ln, Double Oak, TX, 75077 priced at $865,000 converts $4,729/mo rent into after a $4,234/mo obligation. Total monthly income equals $4,729/mo. Return on cash invested prints 14.06% in year one, and rental yield reads 6.56% against a $865,000 entry. Equity gained on principal adds $5,582/yr, while 5% annual appreciation compiles into $238,984 by year five. Five-year ROI reaches 72.68% and total cumulative return in cash sums $206,835. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,729/mo property income covering a $4,234/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75077, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,465 (100%) |
| Owner Occupied HU | 11,790 (76.2%) |
| Renter Occupied HU | 3,210 (20.8%) |
| Vacant Housing Units | 465 ( 3.0%) |
| Median Home Value | $464,627 |
| Average Home Value | $538,179 |
Housing Distribution
Address Breakdown
Residential
15,326
Single Family
12,884
Multi-Family
2,442
Businesses
586
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Listed by: Eric Hinton • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #21078446