611 Torero DrOak PointTX75068
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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
Investment property for sale in Oak Point at 611 Torero Dr, Oak Point, TX, 75068 uses $112,213 cash to close to unlock $16,075/yr annual cash flow and $1,340/mo monthly cash flow. Total monthly income runs $3,749/mo, and a $1,657/mo payment keeps the spread at $1,340/mo. Purchase price stands at $338,500, and rental yield measures 13.29% with $3,749/mo rent. Return on cash invested shows 34.23% in year one, and 5% annual appreciation builds toward $93,521 over five years. Five-year ROI reaches 180.89% and total cumulative return in cash records $202,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,749/mo property income covering a $1,657/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.35 Acres lot
$N/A/sqft
$25 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
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Listed by: Curtis Petersen • INC Realty, LLC
Mls Name: NTREIS
Mls ID: #20690920
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.