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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% |
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 shown for ZIP Code: 75065, Lake Dallas, TX area.
| 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 |
Residential
5,473
Single Family
4,671
Multi-Family
802
Businesses
478
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Price change | $325,000 |
| 2024-07-30 | Pending sale | $335,000 |
| 2024-07-21 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2987.60 | -22.41% | $294,030 | 10.00% |
| 2022-10-18 | $3850.33 | 0.65% | $267,300 | -1.30% |
| 2021-10-18 | $3825.39 | -5.71% | $270,824 | 7.90% |
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.
