308 Black DrColleyvilleTX76034
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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 Colleyville at 308 Black Dr, Colleyville, TX, 76034 offers $13,999/mo rent that, after a $8,316/mo payment, leaves $1,917/mo cash flow. Total monthly income is $13,999/mo, and annual cash flow is $23,003/yr on $550,476 cash. Return on cash invested measures 24.55% in year one, and rental yield stands at 9.89% at a $1,699,000 entry. Equity gained on principal adds $10,963/yr while 5% annual appreciation compounds into $469,402 by year five. Five-year ROI records 128.86% and total cumulative return in cash reaches $709,325. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $13,999/mo property income versus a $8,316/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76034, Colleyville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,412 (100%) |
| Owner Occupied HU | 8,472 (90.0%) |
| Renter Occupied HU | 681 ( 7.2%) |
| Vacant Housing Units | 259 ( 2.8%) |
| Median Home Value | $664,112 |
| Average Home Value | $763,457 |
Housing Distribution
Address Breakdown
Residential
9,431
Single Family
9,272
Multi-Family
159
Businesses
1,522
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Listed by: Laurie Wall • The Wall Team Realty Assoc
Mls Name: NTREIS
Mls ID: #20682869
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.