359 Vitex DrRoyse CityTX75189
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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 Royse City at 359 Vitex Dr, Royse City, TX, 75189 offers a 16.75% rental yield on a $253,990 purchase with $3,545/mo rent. Total monthly income registers $3,545/mo, and a $1,243/mo payment leaves $1,701/mo available for distribution. Annual cash flow reaches $20,418/yr on $84,198 to close, and return on cash invested stands at 44.16% in year one. Equity gained on principal adds $1,639/yr while 5% annual appreciation supports $70,173 over five years. Portfolio math shows five-year ROI at 234.29% and total cumulative return in cash at $197,271. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,545/mo property income against a $1,243/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,599 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75189, Royse City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,871 (100%) |
| Owner Occupied HU | 18,051 (86.5%) |
| Renter Occupied HU | 1,937 ( 9.3%) |
| Vacant Housing Units | 883 ( 4.2%) |
| Median Home Value | $366,037 |
| Average Home Value | $408,538 |
Housing Distribution
Address Breakdown
Residential
19,440
Single Family
19,006
Multi-Family
434
Businesses
690
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Listed by: Bryan Reasor • Jeanette Anderson Real Estate
Mls Name: NTREIS
Mls ID: #20571621
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.