697 Alexander LnRoyse CityTX75189
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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 Royse City at 697 Alexander Ln, Royse City, TX, 75189 at $490,000 posts ROI 16.85% with from $3,070/mo rent. Total monthly income equals $3,070/mo. Return on cash invested measures 16.85% and rental yield reads 7.52% at the current $490,000. Equity gained on principal adds $3,162/yr, and 5% annual appreciation supports $135,378 by year five. Five-year ROI prints 87.64% and total cumulative return in cash totals $142,356. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,070/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
1.55 Acres lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Rita Ferris • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21143754