511 Chatham StOak PointTX75068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oak Point at 511 Chatham St, Oak Point, TX, 75068 listed at $645,410 pairs $4,147/mo rent with a $3,159/mo payment. Total monthly income runs $4,147/mo. Return on cash invested measures 16.97% in year one, and rental yield registers 7.71% at a $645,410 basis. Equity gained on principal adds $4,165/yr, and annual property appreciation at 5% supports $178,315 by year five. Five-year ROI tracks 88.49% and total cumulative return in cash totals $187,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,147/mo property income relative to a $3,159/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
7,200 sqft lot
$N/A/sqft
$1,250 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bobbie Alexander • Alexander Properties - Dallas
Mls Name: NTREIS
Mls ID: #20749275
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.