619 Gatecrest DrFateTX75087
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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 Fate at 619 Gatecrest Dr, Fate, TX, 75087 priced at $354,990 converts $2,842/mo rent into $318/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,842/mo, and annual cash flow totals $3,817/yr on $117,679 invested. Return on cash invested prints 23.15% in year one, and rental yield reads 9.61% against a $354,990 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,077 by year five. Five-year ROI reaches 121.47% and total cumulative return in cash sums $142,940. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,842/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,710 sqft lot
$N/A/sqft
No 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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