212 Joe White StRockwallTX75087
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 212 Joe White St, Rockwall, TX, 75087 priced at $359,900 converts $2,479/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,479/mo. Return on cash invested prints 19.1% in year one, and rental yield reads 8.27% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 99.74% and total cumulative return in cash sums $118,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1969
8,973 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Arellano • White Rock Realty
Mls Name: NTREIS
Mls ID: #20870228
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.