3040 Lake DrSouthlakeTX76092
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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
Rental property for sale in Southlake at 3040 Lake Dr, Southlake, TX, 76092 priced at $1,774,900 converts $6,563/mo rent into after a $8,687/mo obligation. Total monthly income equals $6,563/mo. Return on cash invested prints 7.73% in year one, and rental yield reads 4.44% against a $1,774,900 entry. Equity gained on principal adds $11,453/yr, while 5% annual appreciation compiles into $490,372 by year five. Five-year ROI reaches 38.66% and total cumulative return in cash sums $222,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,563/mo property income covering a $8,687/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
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Listed by: Tracey Chamberlain • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20783213
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.