502 Lorraine DrSouthlakeTX76092
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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 Southlake at 502 Lorraine Dr, Southlake, TX, 76092 generates $6,241/mo in rent, after a $6,265/mo payment. Total monthly income is $6,241/mo. Return on cash invested sits at 12.09% in year one, and rental yield is 5.85% on a $1,280,000 entry. Equity gained on principal adds $8,260/yr, while 5% annual appreciation builds toward $353,640 over five years. Five-year ROI reaches 62.06% and total cumulative return in cash sums $257,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,241/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.34 Acres lot
$N/A/sqft
No 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
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