2406 Lula CtCorinthTX76210
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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 Corinth at 2406 Lula Ct, Corinth, TX, 76210 uses $117,683 cash to close to unlock $1,955/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $2,707/mo, and a $1,738/mo payment keeps the spread at $163/mo. Purchase price stands at $355,000, and rental yield measures 9.15% with $2,707/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 113.02% and total cumulative return in cash records $133,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,707/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,969 sqft lot
$N/A/sqft
$115 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76210, Denton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,620 (100%) |
| Owner Occupied HU | 12,637 (71.7%) |
| Renter Occupied HU | 4,554 (25.8%) |
| Vacant Housing Units | 429 ( 2.4%) |
| Median Home Value | $388,162 |
| Average Home Value | $438,547 |
Housing Distribution
Address Breakdown
Residential
17,308
Single Family
14,781
Multi-Family
2,527
Businesses
613
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Listed by: Neil Bowie Jr. • Coldwell Banker Realty Frisco
Mls Name: NTREIS
Mls ID: #20904833
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.