656 Blakelys WayFateTX75189
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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 656 Blakelys Way, Fate, TX, 75189 priced at $632,618 converts $3,210/mo rent into after a $3,096/mo obligation. Total monthly income equals $3,210/mo. Return on cash invested prints 12.2% in year one, and rental yield reads 6.09% against a $632,618 entry. Equity gained on principal adds $4,082/yr, while 5% annual appreciation compiles into $174,781 by year five. Five-year ROI reaches 62.85% and total cumulative return in cash sums $130,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,210/mo property income covering a $3,096/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75189, Royse City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,871 (100%) |
| Owner Occupied HU | 18,051 (86.5%) |
| Renter Occupied HU | 1,937 ( 9.3%) |
| Vacant Housing Units | 883 ( 4.2%) |
| Median Home Value | $366,037 |
| Average Home Value | $408,538 |
Housing Distribution
Address Breakdown
Residential
19,440
Single Family
19,006
Multi-Family
434
Businesses
690
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Listed by: Stephen Brooks • Royal Realty, Inc.
Mls Name: NTREIS
Mls ID: #21106509
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.