502 Sheriff AveLittle ElmTX75068
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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 Little Elm at 502 Sheriff Ave, Little Elm, TX, 75068 priced at $235,900 converts $1,782/mo rent into $104/mo cash flow after a $1,155/mo obligation. Total monthly income equals $1,782/mo, and annual cash flow totals $1,249/yr on $78,201 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 9.06% against a $235,900 entry. Equity gained on principal adds $1,522/yr, while 5% annual appreciation compiles into $65,175 by year five. Five-year ROI reaches 112.68% and total cumulative return in cash sums $88,115. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,782/mo property income covering a $1,155/mo payment, not borrower’s personal income.
Manufactured
Built in 2019
4,996 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Stephen Reddy • Amazing Brokerage, LLC
Mls Name: NTREIS
Mls ID: #21028553