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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Southlake at 624 Cimarron Trl, Southlake, TX, 76092 priced at $650,000 converts $3,320/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,320/mo. Return on cash invested prints 12% in year one, and rental yield reads 6.13% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 61.92% and total cumulative return in cash sums $132,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,320/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
Date | Event | Price |
|---|---|---|
| 2025-08-24 | Listed for sale | $650,000 |
| 2024-12-10 | Listing removed | $650,000 |
| 2024-10-23 | Price change | $669,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-25 | $12394.24 | 218.70% | $661,916 | 45.88% |
| 2023-08-25 | $3888.96 | -2.33% | $453,728 | 51.10% |
| 2022-08-25 | $3981.84 | -0.20% | $300,279 | -1.16% |
Listed by: Jarod Marcus • RE/MAX Trinity
Mls Name: NTREIS
Mls ID: #21013613
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.
