457 Watermere DrSouthlakeTX76092
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 457 Watermere Dr, Southlake, TX, 76092 in Southlake achieves 1.95, rent of $5,975/mo covers the $3,058/mo payment 1.5x over at $680,000. Rental yield 10.54%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $187,871 over five years, with $6,263/yr in principal reduction bringing total projected return to $156,886.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.2% |
| Monthly Cash Flow | $(1,811) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,975 |
| Total Monthly Debt Service | $7,515 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2019
N/A lot
$N/A/sqft
$2,950 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2019
N/A lot
$N/A/sqft
$2,950 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Debaca • Tracey Schultz
Mls Name: NTREIS
Mls ID: #20808066
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.