2406 Elmhurst StRowlettTX75088
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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 Rowlett at 2406 Elmhurst St, Rowlett, TX, 75088 uses $130,943 cash to close to unlock $6,089/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $3,316/mo, and a $1,933/mo payment keeps the spread at $507/mo. Purchase price stands at $395,000, and rental yield measures 10.07% with $3,316/mo rent. Return on cash invested shows 24.56% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 129% and total cumulative return in cash records $168,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,316/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75088, Rowlett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,432 (100%) |
| Owner Occupied HU | 7,683 (67.2%) |
| Renter Occupied HU | 3,296 (28.8%) |
| Vacant Housing Units | 453 ( 4.0%) |
| Median Home Value | $364,593 |
| Average Home Value | $417,506 |
Housing Distribution
Address Breakdown
Residential
11,663
Single Family
9,146
Multi-Family
2,517
Businesses
915
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Listed by: Heather Sims • Elysian Agency
Mls Name: NTREIS
Mls ID: #20973548
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.