2613 S Wavecrest Ct, Little Elm, TX, 75068 | $877/mo Cash Flow

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2613 S Wavecrest Ct, Little Elm, TX, 75068 | $877/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Little Elm at 2613 S Wavecrest Ct, Little Elm, TX, 75068 priced at $385,000 converts $3,614/mo rent into $877/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,614/mo, and annual cash flow totals $10,519/yr on $127,628 invested. Return on cash invested prints 28.15% in year one, and rental yield reads 11.26% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 148.25% and total cumulative return in cash sums $189,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,614/mo property income covering a $1,884/mo payment, not borrower’s personal income.

Single Family

Built in 2003

7,884 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming and Updated Home in Little Elm! Welcome to 2613 S Wavecrest Court, a beautifully maintained residence offering comfort, style, and peace of mind. Ideally located just three houses from Chavez Elementary School and near a quiet cul-de-sac with no through traffic, this home offers both convenience and a peaceful setting. Inside, youll find a fully remodeled bathroom with modern finishes, fresh interior paint, and well-maintained landscaping that enhances its curb appeal. The property has been thoughtfully cared for inside and out, making it truly move-in ready. Additional highlights include a transferable foundation warranty for added confidence. Conveniently located near schools, parks, and shopping, this home combines great updates with an unbeatable location in Little Elm, Texas.

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