2442 Elmwood DrWills PointTX75169
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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 Wills Point at 2442 Elmwood Dr, Wills Point, TX, 75169 earns $1,586/mo cash flow from $2,677/mo rent with a $710/mo payment. Total monthly income totals $2,677/mo, and annual cash flow totals $19,027/yr on $48,068 capital. ROI tracks 59.49% on current figures, and rental yield reads 22.15% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 316.92% and total cumulative return in cash sums $152,336. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,677/mo property income instead of your personal income.
Manufactured
Built in 1979
1.45 Acres lot
$N/A/sqft
$720 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75169, Wills Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,834 (100%) |
| Owner Occupied HU | 5,380 (68.7%) |
| Renter Occupied HU | 1,664 (21.2%) |
| Vacant Housing Units | 790 (10.1%) |
| Median Home Value | $230,460 |
| Average Home Value | $317,907 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,744
Multi-Family
50
Businesses
484
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Listed by: Monette Spradling • AT Home Texas Real Estate
Mls Name: NTREIS
Mls ID: #20651244
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.