503 Northgate DrWaxahachieTX75165
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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
Investment property for sale in Waxahachie at 503 Northgate Dr, Waxahachie, TX, 75165 uses $144,203 cash to close to unlock $2,361/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $3,290/mo, and a $2,129/mo payment keeps the spread at $197/mo. Purchase price stands at $435,000, and rental yield measures 9.08% with $3,290/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 112.82% and total cumulative return in cash records $162,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,290/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75165, Waxahachie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,815 (100%) |
| Owner Occupied HU | 14,366 (65.9%) |
| Renter Occupied HU | 6,168 (28.3%) |
| Vacant Housing Units | 1,281 ( 5.9%) |
| Median Home Value | $351,258 |
| Average Home Value | $396,397 |
Housing Distribution
Address Breakdown
Residential
21,540
Single Family
18,284
Multi-Family
3,256
Businesses
1,381
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Listed by: Jeremy Norman • Keller Williams Realty
Mls Name: NTREIS
Mls ID: #21144365