2409 Spruce CtLittle ElmTX75068
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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 Little Elm at 2409 Spruce Ct, Little Elm, TX, 75068 uses $105,086 cash to close to unlock $1,760/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $2,545/mo, and a $1,552/mo payment keeps the spread at $147/mo. Purchase price stands at $317,000, and rental yield measures 9.63% with $2,545/mo rent. Return on cash invested shows 21.58% in year one, and 5% annual appreciation builds toward $87,581 over five years. Five-year ROI reaches 113.63% and total cumulative return in cash records $119,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,545/mo property income covering a $1,552/mo payment rather than investor’s personal income.
Single Family
Built in 2003
7,840 sqft lot
$N/A/sqft
$475 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Karen Rutherford • RE/MAX DFW Associates
Mls Name: NTREIS
Mls ID: #20970561
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.