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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Oak Point at 447 Cherry Laurel Dr, Oak Point, TX, 75068 offers a 8.31% rental yield on a $381,017 purchase with $2,640/mo rent. 26% in year one. Equity gained on principal adds $2,459/yr while 5% annual appreciation supports $105,268 over five years. Portfolio math shows five-year ROI at 95.57% and total cumulative return in cash at $120,716. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,865/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,800 sqft lot
$N/A/sqft
$1,250 annually HOA
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Price change | $381,017 |
| 2024-09-20 | Price change | $406,017 |
| 2024-08-11 | Price change | $426,017 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bobbie Alexander • Alexander Properties - Dallas
Mls Name: NTREIS
Mls ID: #20748050
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.
