6317 Locust StRowlettTX75089
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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
Total monthly income runs $1,742/mo, and a $1,248/mo payment. Purchase price stands at $255,000, and rental yield measures 8.2% with $1,742/mo rent. Return on cash invested shows 18.9% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 98.63% and total cumulative return in cash records $83,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,742/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1973
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75089, Rowlett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,410 (100%) |
| Owner Occupied HU | 9,643 (77.7%) |
| Renter Occupied HU | 2,333 (18.8%) |
| Vacant Housing Units | 434 ( 3.5%) |
| Median Home Value | $374,580 |
| Average Home Value | $446,439 |
Housing Distribution
Address Breakdown
Residential
12,435
Single Family
11,242
Multi-Family
1,193
Businesses
122
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Listed by: Amber Baxter • Fathom Realty LLC
Mls Name: NTREIS
Mls ID: #21108743
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.