3148 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 3148 Harper St, Little Elm, TX, 75068 listed at $365,000 pairs $2,900/mo rent with a $1,786/mo payment to leave $305/mo cash flow. Total monthly income runs $2,900/mo, and annual cash flow reaches $3,659/yr on $120,998 cash to close. Return on cash invested measures 22.93% in year one, and rental yield registers 9.53% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 120.26% and total cumulative return in cash totals $145,507. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,900/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
7,840 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: Melissa Hernandez • Competitive Edge Realty LLC
Mls Name: NTREIS
Mls ID: #21113223