3401 Approach LnLittle 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 3401 Approach Ln, Little Elm, TX, 75068 with 5% annual appreciation on a $390,000 basis while $4,392/mo rent supports operations. Total monthly income totals $4,392/mo and a $1,909/mo payment preserves $1,589/mo for cash returns. Annual cash flow comes to $19,062/yr on $129,285 deployed, and return on cash invested reaches 34.65% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 13.51%. Five-year ROI measures 183.23% and total cumulative return in cash totals $236,888.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,392/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2013
7,710 sqft lot
$N/A/sqft
$180 semi-annually 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: Herbert Johnson • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20709008
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.