428 Waterscape Dr #1339Lake DallasTX75065
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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 Lake Dallas at 428 Waterscape Dr #1339, Lake Dallas, TX, 75065 generates $2,775/mo in rent, after a $2,251/mo payment. Total monthly income is $2,775/mo. Return on cash invested sits at 16.01% in year one, and rental yield is 7.24% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 83.15% and total cumulative return in cash sums $126,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,775/mo property income rather than buyer’s personal income.
Condo
Built in 2025
5.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75065, Lake Dallas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,479 (100%) |
| Owner Occupied HU | 3,998 (73.0%) |
| Renter Occupied HU | 1,277 (23.3%) |
| Vacant Housing Units | 204 ( 3.7%) |
| Median Home Value | $440,366 |
| Average Home Value | $480,394 |
Housing Distribution
Address Breakdown
Residential
5,473
Single Family
4,671
Multi-Family
802
Businesses
478
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Listed by: Erin Pickard • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #21079557