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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Southlake at 301 Watermere Dr APT 101, Southlake, TX, 76092 generates $3,163/mo in rent, after a $1,762/mo payment. Total monthly income is $3,163/mo. Return on cash invested sits at -3.69% in year one, and rental yield is 10.54% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,163/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$2,950 monthly HOA
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
Date | Event | Price |
|---|---|---|
| 2025-03-26 | Listed for sale | $360,000 |
| 2019-01-31 | Sold | N/A |
| 2019-01-01 | Pending sale | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2016-03-26 | $3221.17 | -10.02% | $246,247 | -4.00% |
| 2015-03-26 | $3579.84 | N/A | $256,500 | N/A |
| 2014-03-26 | $3579.84 | N/A | $256,500 | N/A |
Listed by: Danielle Debaca • Tracey Schultz
Mls Name: NTREIS
Mls ID: #20882455
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.
