238 Serenity DrBullardTX75757
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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
Rental property for sale in Bullard at 238 Serenity Dr, Bullard, TX, 75757 generates $7,174/mo in rent and, after a $3,025/mo payment, leaves $2,754/mo in cash flow. Total monthly income is $7,174/mo, and annual cash flow is $33,049/yr on $203,322 invested. Return on cash invested sits at 36.31% in year one, and rental yield is 13.93% on a $618,000 entry. Equity gained on principal adds $3,988/yr, while 5% annual appreciation builds toward $170,742 over five years. Five-year ROI reaches 192.07% and total cumulative return in cash sums $390,527. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,174/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.42 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75757, Bullard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,745 (100%) |
| Owner Occupied HU | 4,356 (75.8%) |
| Renter Occupied HU | 892 (15.5%) |
| Vacant Housing Units | 497 ( 8.7%) |
| Median Home Value | $300,855 |
| Average Home Value | $345,717 |
Housing Distribution
Address Breakdown
Residential
6,218
Single Family
6,140
Multi-Family
78
Businesses
309
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Listed by: Conner Brown • Wood Real Estate Group, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24012260
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.