206 Gretel PlRockwallTX75032
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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 Rockwall at 206 Gretel Pl, Rockwall, TX, 75032 priced at $631,500 converts $3,787/mo rent into after a $3,091/mo obligation. Total monthly income equals $3,787/mo. Return on cash invested prints 15.19% in year one, and rental yield reads 7.2% against a $631,500 entry. Equity gained on principal adds $4,075/yr, while 5% annual appreciation compiles into $174,472 by year five. Five-year ROI reaches 79.05% and total cumulative return in cash sums $164,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,787/mo property income covering a $3,091/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.26 Acres lot
$N/A/sqft
$139 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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