3063 Mitchell WayThe ColonyTX75056
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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 The Colony at 3063 Mitchell Way, The Colony, TX, 75056 earns from $3,568/mo rent with a $3,108/mo payment. Total monthly income totals $3,568/mo. ROI tracks 13.99% on current figures, and rental yield reads 6.74% at a $635,000 purchase. Equity gained on principal adds $4,098/yr, and 5% annual appreciation supports $175,439 over five years. Five-year ROI reaches 72.5% and total cumulative return in cash sums $151,460. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,568/mo property income instead of your personal income.
Single Family
Built in 2009
5,575 sqft lot
$N/A/sqft
$660 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75056, The Colony, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,083 (100%) |
| Owner Occupied HU | 16,441 (51.2%) |
| Renter Occupied HU | 13,404 (41.8%) |
| Vacant Housing Units | 2,238 ( 7.0%) |
| Median Home Value | $488,651 |
| Average Home Value | $527,353 |
Housing Distribution
Address Breakdown
Residential
31,154
Single Family
17,896
Multi-Family
13,258
Businesses
1,394
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Listed by: Chris Mendez • Bray Real Estate Group- Dallas
Mls Name: NTREIS
Mls ID: #20934694
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.