295 Oak Trail DrDouble OakTX75077
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
Rental property for sale in Double Oak at 295 Oak Trail Dr, Double Oak, TX, 75077 priced at $775,000 converts $9,112/mo rent into $3,601/mo cash flow after a $3,793/mo obligation. Total monthly income equals $9,112/mo, and annual cash flow totals $43,213/yr on $254,975 invested. Return on cash invested prints 37.01% in year one, and rental yield reads 14.11% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 195.73% and total cumulative return in cash sums $499,075. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,112/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 1983
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75077, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,465 (100%) |
| Owner Occupied HU | 11,790 (76.2%) |
| Renter Occupied HU | 3,210 (20.8%) |
| Vacant Housing Units | 465 ( 3.0%) |
| Median Home Value | $464,627 |
| Average Home Value | $538,179 |
Housing Distribution
Address Breakdown
Residential
15,326
Single Family
12,884
Multi-Family
2,442
Businesses
586
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Listed by: Berek McEwen • Keller Williams Realty-FM
Mls Name: NTREIS
Mls ID: #21079617