2428 Cherry 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
Investment property for sale in Little Elm at 2428 Cherry Dr, Little Elm, TX, 75068 at $389,900 posts ROI 34.22% with $1,542/mo cash flow from $4,528/mo rent. Total monthly income equals $4,528/mo, and annual cash flow records $18,500/yr on $129,252 to close. Return on cash invested measures 34.22% and rental yield reads 13.94% at the current $389,900. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 by year five. Five-year ROI prints 181.53% and total cumulative return in cash totals $234,625.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,528/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
7,492 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: Joseph Paneque • Entera Realty LLC
Mls Name: NTREIS
Mls ID: #20685296
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.