3002 Silver Springs WayRowlettTX75089
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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 Rowlett at 3002 Silver Springs Way, Rowlett, TX, 75089 offers a 10.26% rental yield on a $482,999 purchase with $4,128/mo rent. Total monthly income registers $4,128/mo, and a $2,364/mo payment leaves $693/mo available for distribution. Annual cash flow reaches $8,320/yr on $160,114 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $3,117/yr while 5% annual appreciation supports $133,444 over five years. Portfolio math shows five-year ROI at 131.93% and total cumulative return in cash at $211,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,128/mo property income against a $2,364/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75089, Rowlett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,410 (100%) |
| Owner Occupied HU | 9,643 (77.7%) |
| Renter Occupied HU | 2,333 (18.8%) |
| Vacant Housing Units | 434 ( 3.5%) |
| Median Home Value | $374,580 |
| Average Home Value | $446,439 |
Housing Distribution
Address Breakdown
Residential
12,435
Single Family
11,242
Multi-Family
1,193
Businesses
122
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