408 Skyward LnCaddo MillsTX75135
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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 Caddo Mills at 408 Skyward Ln, Caddo Mills, TX, 75135 offers $1,080/mo rent that, after a $2,039/mo payment. Total monthly income is $1,080/mo. Return on cash invested measures 3.55% in year one, and rental yield stands at 3.11% at a $416,625 entry. Equity gained on principal adds $2,688/yr while 5% annual appreciation compounds into $115,106 by year five. Five-year ROI records 16.35% and total cumulative return in cash reaches $22,575. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $2,039/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75135, Caddo Mills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,444 (100%) |
| Owner Occupied HU | 3,841 (86.4%) |
| Renter Occupied HU | 415 ( 9.3%) |
| Vacant Housing Units | 188 ( 4.2%) |
| Median Home Value | $330,118 |
| Average Home Value | $368,746 |
Housing Distribution
Address Breakdown
Residential
4,255
Single Family
4,202
Multi-Family
53
Businesses
238
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Listed by: Rachel Morton • NTex Realty, LP
Mls Name: NTREIS
Mls ID: #20744957
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.