2304 Miranda LnRockwallTX75087
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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
Total monthly income runs $5,100/mo, and a $4,160/mo payment. Purchase price stands at $849,900, and rental yield measures 7.2% with $5,100/mo rent. Return on cash invested shows 16.01% in year one, and 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 83.12% and total cumulative return in cash records $232,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,100/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Single Family
Built in 2021
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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