2949 Clear Creek DrRockwallTX75032
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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 Rockwall at 2949 Clear Creek Dr, Rockwall, TX, 75032 uses $128,954 cash to close to unlock $5,049/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $3,187/mo, and a $1,904/mo payment keeps the spread at $421/mo. Purchase price stands at $389,000, and rental yield measures 9.83% with $3,187/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 125.05% and total cumulative return in cash records $161,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,187/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.15 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75032, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,162 (100%) |
| Owner Occupied HU | 10,746 (70.9%) |
| Renter Occupied HU | 3,615 (23.8%) |
| Vacant Housing Units | 801 ( 5.3%) |
| Median Home Value | $528,692 |
| Average Home Value | $584,841 |
Housing Distribution
Address Breakdown
Residential
14,792
Single Family
12,789
Multi-Family
2,003
Businesses
738
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Listed by: Sandy Feinberg • Franz Properties
Mls Name: NTREIS
Mls ID: #20961257
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.