429 Waterscape Dr #1031Lake 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
Investment property for sale in Lake Dallas at 429 Waterscape Dr #1031, Lake Dallas, TX, 75065 earns $2,203/mo cash flow from $5,125/mo rent with a $1,860/mo payment. Total monthly income totals $5,125/mo, and annual cash flow totals $26,432/yr on $125,970 capital. ROI tracks 40.89% on current figures, and rental yield reads 16.18% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 217.33% and total cumulative return in cash sums $273,769. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,125/mo property income instead of your personal income.
Condo
Built in 2022
4.25 Acres lot
$N/A/sqft
$220 monthly 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: #20673729
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.