301 Watermere Dr APT 317, Southlake, TX, 76092 | $823/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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301 Watermere Dr APT 317, Southlake, TX, 76092 | $823/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 317, Southlake, TX, 76092 listed at $420,000 pairs $3,810/mo rent with a $2,056/mo payment to leave $823/mo cash flow. Total monthly income runs $3,810/mo, and annual cash flow reaches $9,876/yr on $139,230 cash to close. Return on cash invested measures 27% in year one, and rental yield registers 10.89% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 142.07% and total cumulative return in cash totals $197,803. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,810/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

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 very open 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 granite countertops, custom cabinetry, and stainless steel appliances refrigerator included. Enjoy the convenience of a study and a full-size laundry room with built-in cabinetry. Step outside to a corner 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.

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