500 Waters Edge Dr APT 222Lake 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 500 Waters Edge Dr APT 222, Lake Dallas, TX, 75065 generates $2,891/mo in rent and, after a $1,591/mo payment, leaves $7/mo in cash flow. Total monthly income is $2,891/mo, and annual cash flow is $79/yr on $107,738 invested. Return on cash invested sits at 19.98% in year one, and rental yield is 10.67% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 106.76% and total cumulative return in cash sums $115,021. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,891/mo property income rather than buyer’s personal income.
Condo
Built in 2005
3.68 Acres lot
$N/A/sqft
$573 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: Kimberly Reding • MAGNOLIA REALTY
Mls Name: NTREIS
Mls ID: #20582972
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.