2229 Lockesley DrFlower MoundTX75028
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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 Flower Mound at 2229 Lockesley Dr, Flower Mound, TX, 75028 offers $4,006/mo rent that, after a $3,318/mo payment. Total monthly income is $4,006/mo. Return on cash invested measures 15.6% in year one, and rental yield stands at 7.09% at a $678,000 entry. Equity gained on principal adds $4,375/yr while 5% annual appreciation compounds into $187,319 by year five. Five-year ROI records 80.94% and total cumulative return in cash reaches $180,549. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,006/mo property income versus a $3,318/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
8,537 sqft lot
$N/A/sqft
$180 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75028, Flower Mound, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,090 (100%) |
| Owner Occupied HU | 13,744 (76.0%) |
| Renter Occupied HU | 3,868 (21.4%) |
| Vacant Housing Units | 478 ( 2.6%) |
| Median Home Value | $534,344 |
| Average Home Value | $587,676 |
Housing Distribution
Address Breakdown
Residential
18,143
Single Family
15,492
Multi-Family
2,651
Businesses
1,107
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Listed by: Malika Poonja • DFW Realty & Mortgage Group
Mls Name: NTREIS
Mls ID: #20930961
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.