6005 Redwood LnRowlettTX75089
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
Rental property for sale in Rowlett at 6005 Redwood Ln, Rowlett, TX, 75089 offers $2,412/mo rent that, after a $1,566/mo payment, leaves $137/mo cash flow. Total monthly income is $2,412/mo, and annual cash flow is $1,641/yr on $106,063 cash. Return on cash invested measures 21.46% in year one, and rental yield stands at 9.05% at a $319,950 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,396 by year five. Five-year ROI records 112.35% and total cumulative return in cash reaches $119,159. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,412/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75089, Rowlett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,410 (100%) |
| Owner Occupied HU | 9,643 (77.7%) |
| Renter Occupied HU | 2,333 (18.8%) |
| Vacant Housing Units | 434 ( 3.5%) |
| Median Home Value | $374,580 |
| Average Home Value | $446,439 |
Housing Distribution
Address Breakdown
Residential
12,435
Single Family
11,242
Multi-Family
1,193
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Claudia Lim • Mersaes Real Estate, Inc.
Mls Name: NTREIS
Mls ID: #20937466
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.