223 Exploration WayFateTX75189
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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 Fate at 223 Exploration Way, Fate, TX, 75189 offers $2,870/mo rent that, after a $1,806/mo payment, leaves $129/mo cash flow. Total monthly income is $2,870/mo, and annual cash flow is $1,545/yr on $122,290 cash. Return on cash invested measures 21.17% in year one, and rental yield stands at 9.34% at a $368,900 entry. Equity gained on principal adds $2,380/yr while 5% annual appreciation compounds into $101,920 by year five. Five-year ROI records 111.23% and total cumulative return in cash reaches $136,028. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,870/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
9,365 sqft lot
$N/A/sqft
$860 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75189, Royse City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,871 (100%) |
| Owner Occupied HU | 18,051 (86.5%) |
| Renter Occupied HU | 1,937 ( 9.3%) |
| Vacant Housing Units | 883 ( 4.2%) |
| Median Home Value | $366,037 |
| Average Home Value | $408,538 |
Housing Distribution
Address Breakdown
Residential
19,440
Single Family
19,006
Multi-Family
434
Businesses
690
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Listed by: Jodie Mayo • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20930263
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.