613 Colts Neck CtColleyvilleTX76034
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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 Colleyville at 613 Colts Neck Ct, Colleyville, TX, 76034 priced at $699,900 converts $3,949/mo rent into after a $3,426/mo obligation. Total monthly income equals $3,949/mo. Return on cash invested prints 14.7% in year one, and rental yield reads 6.77% against a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation compiles into $193,369 by year five. Five-year ROI reaches 76.1% and total cumulative return in cash sums $175,232. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,949/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76034, Colleyville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,412 (100%) |
| Owner Occupied HU | 8,472 (90.0%) |
| Renter Occupied HU | 681 ( 7.2%) |
| Vacant Housing Units | 259 ( 2.8%) |
| Median Home Value | $664,112 |
| Average Home Value | $763,457 |
Housing Distribution
Address Breakdown
Residential
9,431
Single Family
9,272
Multi-Family
159
Businesses
1,522
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Listed by: Kelly Barz • The Michael Group Real Estate
Mls Name: NTREIS
Mls ID: #20977312