2350 Water WayRockwallTX75087
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 Rockwall at 2350 Water Way, Rockwall, TX, 75087 offers $5,434/mo rent that, after a $2,876/mo payment, leaves $1,193/mo cash flow. Total monthly income is $5,434/mo, and annual cash flow is $14,317/yr on $193,304 cash. Return on cash invested measures 27.47% in year one, and rental yield stands at 11.1% at a $587,550 entry. Equity gained on principal adds $3,791/yr while 5% annual appreciation compounds into $162,329 by year five. Five-year ROI records 144.72% and total cumulative return in cash reaches $279,747. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,434/mo property income versus a $2,876/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
10,541 sqft lot
$N/A/sqft
$375 semi-annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Dorward • Keller Williams Rockwall
Mls Name: NTREIS
Mls ID: #20693947
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.