504 Lake Point DrLittle 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 504 Lake Point Dr, Little Elm, TX, 75068 priced at $425,000 converts $2,825/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,825/mo. Return on cash invested prints 17.84% in year one, and rental yield reads 7.98% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 93.12% and total cumulative return in cash sums $131,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,825/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2006
10,541 sqft lot
$N/A/sqft
$275 semi-annually 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: Renee Graver • Homes On The Lake Realty LLC
Mls Name: NTREIS
Mls ID: #20984262
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.