2300 Peppermill DrLittle ElmTX75068
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 Little Elm at 2300 Peppermill Dr, Little Elm, TX, 75068 priced at $595,000 converts $4,140/mo rent into after a $2,912/mo obligation. Total monthly income equals $4,140/mo. Return on cash invested prints 19.24% in year one, and rental yield reads 8.35% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 100.55% and total cumulative return in cash sums $196,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,140/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
$515 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Benson • Real
Mls Name: NTREIS
Mls ID: #20910535
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.