350 Rivergate StFateTX75087
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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 Fate at 350 Rivergate St, Fate, TX, 75087 offers $3,720/mo rent that, after a $1,899/mo payment, leaves $961/mo cash flow. Total monthly income is $3,720/mo, and annual cash flow is $11,532/yr on $128,619 cash. Return on cash invested measures 28.87% in year one, and rental yield stands at 11.51% at a $387,990 entry. Equity gained on principal adds $2,504/yr while 5% annual appreciation compounds into $107,194 by year five. Five-year ROI records 152.12% and total cumulative return in cash reaches $195,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,720/mo property income versus a $1,899/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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