618 Collins LnFateTX75087
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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 Fate at 618 Collins Ln, Fate, TX, 75087 with 5% annual appreciation on a $340,000 basis while $3,140/mo rent supports operations. Total monthly income totals $3,140/mo and a $1,664/mo payment preserves $651/mo for cash returns. Annual cash flow comes to $7,815/yr on $112,710 deployed, and return on cash invested reaches 26.84% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 11.08%. Five-year ROI measures 141.53% and total cumulative return in cash totals $159,522.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,140/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
7,056 sqft lot
$N/A/sqft
$564 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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Listed by: Farrah Zargaran • Corey Simpson & Associates
Mls Name: NTREIS
Mls ID: #20809426
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.