301 Honey Locust DrProsperTX75078
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 Prosper at 301 Honey Locust Dr, Prosper, TX, 75078 priced at $1,043,716 converts $4,766/mo rent into after a $5,108/mo obligation. Total monthly income equals $4,766/mo. Return on cash invested prints 10.5% in year one, and rental yield reads 5.48% against a $1,043,716 entry. Equity gained on principal adds $6,735/yr, while 5% annual appreciation compiles into $288,359 by year five. Five-year ROI reaches 53.67% and total cumulative return in cash sums $181,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,766/mo property income covering a $5,108/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,873 sqft lot
$N/A/sqft
$381 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Caballero • Highland Homes Realty
Mls Name: NTREIS
Mls ID: #20655416
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.