2820 Lakemont DrFlower MoundTX75022
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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 2820 Lakemont Dr, Flower Mound, TX, 75022 priced at $695,000 converts $3,936/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,936/mo. Return on cash invested prints 14.78% in year one, and rental yield reads 6.8% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 76.52% and total cumulative return in cash sums $174,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,936/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 1994
9,713 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75022, Flower Mound, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,612 (100%) |
| Owner Occupied HU | 7,573 (78.8%) |
| Renter Occupied HU | 1,722 (17.9%) |
| Vacant Housing Units | 317 ( 3.3%) |
| Median Home Value | $690,231 |
| Average Home Value | $744,538 |
Housing Distribution
Address Breakdown
Residential
9,424
Single Family
8,228
Multi-Family
1,196
Businesses
414
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Listed by: Naseem Sadeghian • Central Metro Realty
Mls Name: NTREIS
Mls ID: #20746710
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.