2304 Hickory Leaf LnFlower MoundTX75022
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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
Investment property for sale in Flower Mound at 2304 Hickory Leaf Ln, Flower Mound, TX, 75022 with 5% annual appreciation on a $595,000 basis while $4,495/mo rent supports operations. Total monthly income totals $4,495/mo and a $2,912/mo payment preserves $234/mo for cash returns. Annual cash flow comes to $2,809/yr on $195,755 deployed, and return on cash invested reaches 21.5% in year one. Equity gained on principal adds $3,839/yr, and five-year appreciation sums $164,388 alongside rental yield of 9.07%. Five-year ROI measures 112.62% and total cumulative return in cash totals $220,454.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,495/mo property income versus a $2,912/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
8,537 sqft lot
$N/A/sqft
$360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75022, Flower Mound, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,612 (100%) |
| Owner Occupied HU | 7,573 (78.8%) |
| Renter Occupied HU | 1,722 (17.9%) |
| Vacant Housing Units | 317 ( 3.3%) |
| Median Home Value | $690,231 |
| Average Home Value | $744,538 |
Housing Distribution
Address Breakdown
Residential
9,424
Single Family
8,228
Multi-Family
1,196
Businesses
414
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Listed by: Lisa Quinn • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20913650
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.