3053 Harper StLittle ElmTX75068
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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
Investment property for sale in Little Elm at 3053 Harper St, Little Elm, TX, 75068 uses $104,389 cash to close to unlock $4,812/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,541/mo payment keeps the spread at $401/mo. Purchase price stands at $314,900, and rental yield measures 10.06% with $2,640/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 128.75% and total cumulative return in cash records $134,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 2022
4,617 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Corey Simpson • Corey Simpson & Associates
Mls Name: NTREIS
Mls ID: #21043772