603 Laurel StCedar HillTX75104
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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 Cedar Hill at 603 Laurel St, Cedar Hill, TX, 75104 priced at $309,000 converts $2,549/mo rent into $352/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $4,225/yr on $102,434 invested. Return on cash invested prints 24.03% in year one, and rental yield reads 9.9% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 126.21% and total cumulative return in cash sums $129,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 1986
8,015 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75104, Cedar Hill, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 12,039 (66.5%) |
| Renter Occupied HU | 5,419 (30.0%) |
| Vacant Housing Units | 635 ( 3.5%) |
| Median Home Value | $328,501 |
| Average Home Value | $403,171 |
Housing Distribution
Address Breakdown
Residential
18,377
Single Family
16,136
Multi-Family
2,241
Businesses
970
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Listed by: Amber Traylor • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20906149
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.