2740 Evening Mist DrLittle ElmTX75068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,900/mo, and a $2,520/mo payment. Purchase price stands at $514,900, and rental yield measures 6.76% with $2,900/mo rent. Return on cash invested shows 14.67% in year one, and 5% annual appreciation builds toward $142,257 over five years. Five-year ROI reaches 75.92% and total cumulative return in cash records $128,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,900/mo property income covering a $2,520/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6,446 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharjeel Ahmad • Keller Williams Central
Mls Name: NTREIS
Mls ID: #21137398