229 SkyviewPointTX75472
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 Point at 229 Skyview, Point, TX, 75472 offers $1,423/mo rent that, after a $759/mo payment, leaves $320/mo cash flow. Total monthly income is $1,423/mo, and annual cash flow is $3,845/yr on $51,383 cash. Return on cash invested measures 27.39% in year one, and rental yield stands at 11.02% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 144.24% and total cumulative return in cash reaches $74,116. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,423/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75472, Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,051 (100%) |
| Owner Occupied HU | 1,411 (68.8%) |
| Renter Occupied HU | 353 (17.2%) |
| Vacant Housing Units | 287 (14.0%) |
| Median Home Value | $185,536 |
| Average Home Value | $226,095 |
Housing Distribution
Address Breakdown
Residential
1,748
Single Family
1,748
Multi-Family
0
Businesses
50
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Listed by: Omar Marin • Realty of America, LLC
Mls Name: NTREIS
Mls ID: #20987993
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.