602 Greensprings StHighland VillageTX75077
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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 Highland Village at 602 Greensprings St, Highland Village, TX, 75077 priced at $515,000 converts $2,872/mo rent into after a $2,521/mo obligation. Total monthly income equals $2,872/mo. Return on cash invested prints 14.46% in year one, and rental yield reads 6.69% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 74.83% and total cumulative return in cash sums $126,793. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,872/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75077, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,465 (100%) |
| Owner Occupied HU | 11,790 (76.2%) |
| Renter Occupied HU | 3,210 (20.8%) |
| Vacant Housing Units | 465 ( 3.0%) |
| Median Home Value | $464,627 |
| Average Home Value | $538,179 |
Housing Distribution
Address Breakdown
Residential
15,326
Single Family
12,884
Multi-Family
2,442
Businesses
586
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Listed by: Sherrie Roberts • LPT Realty, LLC
Mls Name: NTREIS
Mls ID: #21163864