2624 Misty Glen DrFlower MoundTX75028
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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 Flower Mound at 2624 Misty Glen Dr, Flower Mound, TX, 75028 priced at $614,999 converts $4,830/mo rent into $457/mo cash flow after a $3,010/mo obligation. Total monthly income equals $4,830/mo, and annual cash flow totals $5,481/yr on $202,335 invested. Return on cash invested prints 22.77% in year one, and rental yield reads 9.42% against a $614,999 entry. Equity gained on principal adds $3,968/yr, while 5% annual appreciation compiles into $169,913 by year five. Five-year ROI reaches 119.37% and total cumulative return in cash sums $241,517. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,830/mo property income covering a $3,010/mo payment, not borrower’s personal income.
Single Family
Built in 1992
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75028, Flower Mound, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,090 (100%) |
| Owner Occupied HU | 13,744 (76.0%) |
| Renter Occupied HU | 3,868 (21.4%) |
| Vacant Housing Units | 478 ( 2.6%) |
| Median Home Value | $534,344 |
| Average Home Value | $587,676 |
Housing Distribution
Address Breakdown
Residential
18,143
Single Family
15,492
Multi-Family
2,651
Businesses
1,107
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Listed by: Chris Garcia • LPT Realty LLC
Mls Name: NTREIS
Mls ID: #20973138
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.