329 Columbia DrRockwallTX75032
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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 Rockwall at 329 Columbia Dr, Rockwall, TX, 75032 priced at $475,000 pairs $3,642/mo rent with $40/mo cash flow after a $2,325/mo payment. Total monthly income equals $3,642/mo, and annual cash flow comes to $481/yr on $157,463 invested. Return on cash invested is 20.21% in year one, and rental yield stands at 9.2% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 106.32% and total cumulative return in cash reaches $167,419. For financing, Ziffy Mortgage’s DSCR program evaluates $3,642/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1986
4,878 sqft lot
$N/A/sqft
$224 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75032, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,162 (100%) |
| Owner Occupied HU | 10,746 (70.9%) |
| Renter Occupied HU | 3,615 (23.8%) |
| Vacant Housing Units | 801 ( 5.3%) |
| Median Home Value | $528,692 |
| Average Home Value | $584,841 |
Housing Distribution
Address Breakdown
Residential
14,792
Single Family
12,789
Multi-Family
2,003
Businesses
738
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Listed by: Michelle Montemayor • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #20755417
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.