214 Twin Lakes DrWaxahachieTX75165
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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 Waxahachie at 214 Twin Lakes Dr, Waxahachie, TX, 75165 priced at $489,000 converts $3,714/mo rent into $237/mo cash flow after a $2,393/mo obligation. Total monthly income equals $3,714/mo, and annual cash flow totals $2,845/yr on $162,104 invested. Return on cash invested prints 21.66% in year one, and rental yield reads 9.11% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 113.49% and total cumulative return in cash sums $183,970. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,714/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75165, Waxahachie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,815 (100%) |
| Owner Occupied HU | 14,366 (65.9%) |
| Renter Occupied HU | 6,168 (28.3%) |
| Vacant Housing Units | 1,281 ( 5.9%) |
| Median Home Value | $351,258 |
| Average Home Value | $396,397 |
Housing Distribution
Address Breakdown
Residential
21,540
Single Family
18,284
Multi-Family
3,256
Businesses
1,381
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Listed by: Chris Oliver • Oliver Realty
Mls Name: NTREIS
Mls ID: #21154785