2940 Corvara DrProsperTX75078
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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 Prosper at 2940 Corvara Dr, Prosper, TX, 75078 listed at $669,990 pairs $7,790/mo rent with a $3,279/mo payment to leave $2,893/mo cash flow. Total monthly income runs $7,790/mo, and annual cash flow reaches $34,710/yr on $220,427 cash to close. Return on cash invested measures 35.81% in year one, and rental yield registers 13.95% at a $669,990 basis. Equity gained on principal adds $4,323/yr, and annual property appreciation at 5% supports $185,106 by year five. Five-year ROI tracks 189.55% and total cumulative return in cash totals $417,818. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,790/mo property income relative to a $3,279/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
N/A lot
$N/A/sqft
$1,600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75078, Prosper, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,313 (100%) |
| Owner Occupied HU | 14,666 (75.9%) |
| Renter Occupied HU | 2,459 (12.7%) |
| Vacant Housing Units | 2,188 (11.3%) |
| Median Home Value | $704,763 |
| Average Home Value | $764,345 |
Housing Distribution
Address Breakdown
Residential
18,014
Single Family
16,310
Multi-Family
1,704
Businesses
1,413
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Listed by: Cindy Petty • Tina Leigh Realty
Mls Name: NTREIS
Mls ID: #20638541
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.