402 Thistle CtSouthlakeTX76092
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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 Southlake at 402 Thistle Ct, Southlake, TX, 76092 generates $4,015/mo in rent, after a $5,384/mo payment. Total monthly income is $4,015/mo. Return on cash invested sits at 7.21% in year one, and rental yield is 4.38% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 36% and total cumulative return in cash sums $128,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,015/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.42 Acres lot
$N/A/sqft
$1,225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Housing Distribution
Address Breakdown
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
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Listed by: Lori Albert Atchison • Elite Real Estate Texas
Mls Name: NTREIS
Mls ID: #20953738
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.