2420 Ranchview DrLittle 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
Rental property for sale in Little Elm at 2420 Ranchview Dr, Little Elm, TX, 75068 offers $5,927/mo rent that, after a $3,254/mo payment, leaves $1,144/mo cash flow. Total monthly income is $5,927/mo, and annual cash flow is $13,732/yr on $218,719 cash. Return on cash invested measures 26.34% in year one, and rental yield stands at 10.7% at a $664,800 entry. Equity gained on principal adds $4,290/yr while 5% annual appreciation compounds into $183,672 by year five. Five-year ROI records 138.62% and total cumulative return in cash reaches $303,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,927/mo property income versus a $3,254/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
6,098 sqft lot
$N/A/sqft
$165 quarterly 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: Aparna Dubagunta • REKonnection, LLC
Mls Name: NTREIS
Mls ID: #20659359
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.