301 Watermere Dr APT 216, Southlake, TX, 76092 | $701/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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301 Watermere Dr APT 216, Southlake, TX, 76092 | $701/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Southlake at 301 Watermere Dr APT 216, Southlake, TX, 76092 uses $150,833 cash to close to unlock $8,417/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $3,937/mo, and a $2,227/mo payment keeps the spread at $701/mo. Purchase price stands at $455,000, and rental yield measures 10.38% with $3,937/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 133.99% and total cumulative return in cash records $202,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,937/mo property income covering a $2,227/mo payment rather than investor’s personal income.

Condo

Built in 2008

N/A lot

$N/A/sqft

No HOA

More details about the property

Elegant 2-Bedroom Condo in a Premier 55+ Community. Welcome to this beautifully updated 2-bedroom, 2.5-bath condo in one of the areas most sought-after luxury senior communities. This bright, open home offers a thoughtfully designed layout featuring a spacious living and dining area, perfect for friends and family. The kitchen is complete with sleek new countertops, new cabinetry, and stainless steel appliances refrigerator included. Enjoy the convenience of a private study and a full-size laundry room with extra storage. Recent updates include luxury vinyl plank flooring, designer lighting, and fresh finishes throughout. Step outside to a large balcony for your morning coffee or evening relaxation. This condo also includes a premium garage space located just steps from the entrance and elevator for easy access. Residents enjoy beautifully landscaped grounds, walking paths, community events, and amenities designed with comfort and connection in mind. Club Membership included in the price. Membership includes clubhouse amenities such as concierge services, security, golf, fitness, water aerobics, scheduled activities and games, dining in the cafe, restaurant and cocktail hours. Move-in ready and waiting for you to start your next chapter in style!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.

Housing Distribution

Housing Statistics

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