402 Wickham LnSouthlakeTX76092
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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 Southlake at 402 Wickham Ln, Southlake, TX, 76092 listed at $1,459,000 pairs $13,961/mo rent with a $7,141/mo payment to leave $3,403/mo cash flow. Total monthly income runs $13,961/mo, and annual cash flow reaches $40,831/yr on $472,716 cash to close. Return on cash invested measures 29.01% in year one, and rental yield registers 11.48% at a $1,459,000 basis. Equity gained on principal adds $9,415/yr, and annual property appreciation at 5% supports $403,095 by year five. Five-year ROI tracks 152.94% and total cumulative return in cash totals $722,979. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $13,961/mo property income relative to a $7,141/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.69 Acres lot
$N/A/sqft
$2,200 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: Ragini Bhayani • The Harvest House Realty Group
Mls Name: NTREIS
Mls ID: #20614881
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.