606 Overlook DrMidlothianTX76065
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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 Midlothian at 606 Overlook Dr, Midlothian, TX, 76065 priced at $269,000 converts $2,144/mo rent into $231/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,144/mo, and annual cash flow totals $2,769/yr on $89,174 invested. Return on cash invested prints 23.01% in year one, and rental yield reads 9.56% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 120.71% and total cumulative return in cash sums $107,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,144/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Housing Distribution
Address Breakdown
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
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Listed by: Jonah Michelsen • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #21136572